FXPA Association Adds Jump Trading as Governing Council Member

The 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 Professionals Association (FXPA) has announced the latest addition to its membership, this time adding Jump Trading as the newest Governing Council Member of the US trade group of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term professionals, according to an FXPA statement.

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Commenting on the membership, Mark Bruce, Head of FICC at Jump Trading, said: “We are pleased to have the opportunity to participate in FXPA, which promotes active discussions around the most pressing matters in the changing FX space.”

“The vision for FXPA is expressed in the mission statement, which is to represent the collective interests of professional foreign exchange industry participants to advance a sound, liquid, transparent and competitive global currency market to policymakers and the marketplace through education, research and advocacy. We are pleased to welcome Jump Trading to join us in this effort,” added an FXPA spokesperson.

Launched in September 2014, FXPA is a Washington-based organization for the foreign exchange (FX) industry. Its main aim is to engage key US and international regulators, policymakers, the general public and news media of via education, research, and transparency.

Among its members are Bloomberg, CME Group, BATS Global Markets, BNY Mellon Global Markets, Intercontinental Exchange (ICE), Moscow Exchange, Virtu Financial, Singapore Exchange, Thomson Reuters, Traiana, FXSpotStream.

Earlier in May, the FXPA kicked off a round of meetings with global institutions, which held talks with the UK’s Financial Conduct Authority (FCA), the Bank of England, the Prudential Regulatory Authority, as well as multiple peer FX trade associations – the primary goal of the meetings was to address a recent comment letter submitted to the Securities and Exchange Commission (SEC), which had called for an FX exemption of proposed funds’ use of derivatives rules.

FXPA now includes the following companies, spread across each of its membership categories.

Founders Council:

BATS Global Markets

BNY Mellon Global Markets

Bloomberg Tradebook

CME Group

Cürex

EBS Brokertec

FastMatch

Intercontinental Exchange (ICE)

Integral Development Corp

LCH.Clearnet

Singapore Exchange (SGX)

State Street Global Markets

Virtu Financial

Governing Council:

Jump Trading

Supporting Members:

Cantor Fitzgerald

Campbell & Company

Moscow Exchange

Thomson Reuters

Traiana

Associate Members:

FXSpotStream

Advisory Members:

CalPERS

Colorado PERA

Microsoft