Important News for all Participants in the FX Market.
The Global Foreign Exchange Committee (GFXC) has published the , following an extensive review process which included a consultation with local FX Committees across the globe and a consultation with a wide range of Market Participants through a public .
In this review, 5 principles (out of a total of 55) were updated with the objective of reinforcing the FX Global Code’s guidelines on FX Settlement Risk, as well as to enhance the transparency around certain types of FX transactions and on the usage of client-generated data on electronic trading platforms.
The GFXC has also published extended , for Liquidity Providers and Platforms, aimed at enhancing transparency and comparability across Market Participants on the use of FX data.
In addition, the Foreword section of the updated version of the FX Global Code now includes links highlighting official published by the GFXC since the Code was originally published in May 2017.
Please check this to verify the outcomes of the review of the FX Global Code (changes applied in the December 2024 version when compared with the July 2021 version).
To check the Press Release of the GFXC, please click .
²ÝÝ®tv FMA would like to congratulate the GFXC and its members on this important review of the FX Global Code, and we firmly believe the updated guidelines continue to promote a robust, fair, liquid, open, and appropriately transparent FX Market.
We are extremely grateful that the members of ²ÝÝ®tv FMA continue to be longstanding proponents and influencers of good market practices for the financial markets industry. As such, ²ÝÝ®tv FMA is and will remain very active in promoting continuous adherence to the FX Global Code, as we believe it benefits all Market Participants in the FX Market.
To find out how we can help your institution and your personnel adhere to the FX Global Code through continuous education, please check our ELAC Portal and/or contact us at elac@acifma.com.
²ÝÝ®tv FMA