Once the UK has left the European Union, bridges between both economies will be more important than ever before. The announced merger of LSE and Deutsche Börse has the potential to become such a bridge.
The UK Fair and Effective Markets Review (FEMR) has also actively sought feedback on such issues.4 The calculation of the fix The first set of recommendations concerned the calculation of the London 4pm fix. For a number of years, WM has calculated the fix over a one minute window centred on 4pm.