The Bank for International Settlements (BIS) Market Committee has encouraged more participants in the foreign market exchange (FX) market to take up the FX Global Code of Conduct. The code was launched 2017 as a voluntary set of good market practices, today its turnover is more than &6.6 trillion a day. Its scope covers ethics,…
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The Global Foreign Exchange Committee (GFXC) has released further detail from its 22-23 May meeting in Tokyo, Japan. During the meeting the committee discussed its mandate to consider the case for a comprehensive review of the FX Global Code at least every three years. The GFXC announced that Neill Penney, managing director and co-head of…
Read moreThe Global Foreign Exchange Committee (GFXC) has launched a Global Index to view Statements of Commitment to the FX Global Code of Conduct from their selected registers, of which NEX is a major contributor. NEX Markets played an active role in the development of the Code, representing NEX on the Market Participants Group (MPG), as…
Read moreThe Global Foreign Exchange Committee (GFXC) has just announced that it has launched the Global Index of Public Registers (Global Index) to serve as a central reference point for demonstrated commitment to the FX Global Code (Code). Following the initial publication of the Code in May 2017, Market Participants expressed interest in developing public registers…
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The Global Foreign Exchange Committee (GFXC) has today published an updated FX Global Code incorporating revised guidance on trading in the last look window, known as Principle 17. The revised Principle 17 states that market participants should not undertake trading activity that utilises information from the client's trade request during the last look window. It…
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