To mark the launch of the FX Global Code of Conduct on 25 May 2017, the GFMA’s Global FX Division, in conjunction with the Investment Association, the ACI and a number of other trade bodies, hosted an evening panel session in London with some of the leading figures behind the development of the Code.
The Global Financial Markets Association (GFMA) represents the common interests of the world’s leading financial and capital market participants, and speaks for the industry on the most important global market issues.
The complete FX Global Code of Conduct is a set of global principles of good practice in the foreign exchange market. It was developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market.
It is intended to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of market participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.
The GFMA’s Global FX Division is fully supportive of this initiative. Given that foreign exchange underpins international trade and investing, a single, global code provides a common reference point to encourage good practice and re-build public confidence in the FX market.
The GFMA is pleased to provide the following summary of the panel discussion.