Is Your Counterpart Committed to the FX Global Code? Here’s How You Check

As the anniversary of the publication of the FX Global Code of Conduct FX Global Code of Conduct The FX Global Code of Conduct outlines an accepted set of global principles of good practice in the forex market. Published in August 2018, the Code helped develop a common set of guidelines to foster the integrity and effective functioning of the wholesale forex market.The effort spanned multiple years and was developed by a partnership between both central banks and market participants across 16 global jurisdictions.Why the FX Global Code of Conduct is a Global Collaboration In particular, the The FX Global Code of Conduct outlines an accepted set of global principles of good practice in the forex market. Published in August 2018, the Code helped develop a common set of guidelines to foster the integrity and effective functioning of the wholesale forex market.The effort spanned multiple years and was developed by a partnership between both central banks and market participants across 16 global jurisdictions.Why the FX Global Code of Conduct is a Global Collaboration In particular, the Read this Term is behind us, companies are starting to delve deeper into the details of the document. With many now willing to find out whether their partners have committed to the code, the first public register of the firms that have is now live.

Today the Global Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Committee has launched a new website where firms can do a quick check to find out if their counterpart has signed up to the good practice commitment. The Global Index lists the Statements of Commitment to the FX Global Code of Conduct from the selected registers.

List of Registers

The Australian AFMA, London-based CLS and NEX, CFETS in China, MFXC in Mexico, the Tokyo Foreign Exchange Market Committee and the Treasury Markets Association in Hong Kong have all been collecting the statements of commitment to the FX Global Code throughout the past year.

Late last year, NEX launched the NEX Register to help promote the adoption to the Code’s principles and has gathered the widest range of Market Participants in one register, bringing together Market Participants from across the industry which is vital to the success of the Code.

The registers are expecting to see the numbers and range of those looking to publicly state their commitment to the Code accelerate in the coming weeks.

The full list of 196 companies can be viewed here:

https://www.globalfxc.org/global_index.htm