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The London Interbank Offered Rate (LIBOR) came into widespread use in the 1970s as a reference interest rate for transactions in offshore Eurodollar markets. [25] [26] [27] In 1984, it became apparent that an increasing number of banks were trading actively in a variety of relatively new market instruments, notably interest rate swaps, foreign currency options and forward rate agreements.
The Libor scandal was a series of fraudulent actions connected to the Libor (London Inter-bank Offered Rate) and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world.
Reuters (/ ˈ r ɔɪ t ə (r) z / ⓘ ROY-tə(r)z) is a news agency owned by Thomson Reuters. [4] [5] It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. [6] Reuters is one of the largest news agencies in the world. [7] [8] The agency was established in London in 1851 by the ...
The Euro Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, [1] based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (or interbank market).
A Refinitiv Instrument Code, [1] previously Reuters Instrument Code (RIC), is a ticker-like code used by Refinitiv to identify financial instruments and indices. The codes are used for looking up information on various Refinitiv financial information networks (such as Refinitiv Real Time) and appear to have developed from the Quotron service purchased in the 1980s.
D2000-2 or Reuters Dealing 2000-2 was a software system designed by Reuters for foreign exchange trading. This automated electronic trading system allowed a dealer to enter buy and/or sell prices directly into the system, thereby avoiding the need for a human broker. The system recorded the touch price which is the highest bid and lowest ask price.
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Eikon is a set of software products provided by Refinitiv for financial professionals to monitor and analyze financial information. It provides access to real time market data, news, fundamental data, analytics, trading and messaging tools.