Citigroup introduces CitiFX Flow Weighted Indices

Citigroup has announced the introduction of CitiFX Flow Weighted Indices (CFWI), a set of cutting edge tools created to assess the value of a currency based on today's composition of the foreign exchange market. The indices represent a significant departure from the composition of the market indicators, such as Trade Weighted Indices (TWI) and Effective Exchange Rate. The CFWI will be updated annually and incorporate all flows from all client types. The currency weights will be calculated from the last three years of flow data, which allows the weights to be statistically robust and dynamic. The 10 currency indices will be calculated in real-time and available on Reuters and Bloomberg under the symbol CFWI ....continued

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