FX Global Code
BNP Paribas signs up to FX Global Code
The French bank is the third lender to sign a Statement of Commitment after Barclays and Saxo Bank
GFXC publishes final word on last look
The GFXC has released the new and final version of Principle 17 and added two examples to illustrate best practice
2017: the year of analytics, atonement and pants
Despite the raised level of personal responsibility and accountability, FX industry participants continued to make dreams come true
ECB and 14 peers commit to the Code
Bank of England and rest of the European Union central banks set to follow suit in early 2018
Chappell becomes ACI education director
Paul Chappell steps into newly created role to promote the trade association’s education strategy
Nex commits to FX Global Code, sets up public register
The company commits to adhere to the principles of the code of conduct
GFXC decides to change Principle 17
Principle 17 to be tweaked to reflect GFXC's view that participants should not undertake trading activity that uses information from the client's trade request during last look window
FCA to publicly recognise selected codes of conduct
Regulator launches consultation on its proposals to supervise SM&CR rules and says public recognition will encourage adherence
Thomson Reuters commits to FX Global Code
The venue joins a number of early adopters in pledging to support better behaviour in the currency market
BidFX commits to Global Code
The TradingScreen-owned platform reviews and realigns practices to fully adhere to the principles
ACI joins voices calling for changes to Principle 17
ACI finds “no firm evidence or specific situations” where there is any likely benefit to clients from trading in the last look window
Hotspot commits to FX Global Code of Conduct
CBOE-owned platform becomes the second FX venue to signal its commitment
Last look consultation closes, outcome uncertain
Responses to GFXC’s consultation on last look will be published before the body meets on November 14
Singapore to play leading role in GCC adherence, Loh says
Speaking at FX Week Asia, Jacqueline Loh stressed the importance of adherence to the FX Global Code of Conduct
CLS commits to FX Global Code, sets up public register
The settlement firm says it has aligned its activities with the principles of the Code
XTX moves to zero hold times
The liquidity provider eliminates discretionary latency buffers in the last look window when trading with direct counterparties on a disclosed basis
ECB outlines approach to implementing FX Global Code
Adherence to the code of conduct will be a prerequisite for membership of the ECB’s Foreign Exchange Contact Group
Asia strongly supportive of Global Code of Conduct – GFMA
Backing from local central banks for the principles will filter down to participants, says John Ball
Saxo signs up to FX Global Code
The Danish bank is the second firm to commit after Barclays
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Platforms voice support for Code, but shy away from policing clients
While venues overwhelmingly say they will adhere to the Global Code, they won't turn away clients who don't
Hardwiring best practice into spot FX trading venues
The BIS FX Global Code of Conduct is compelling participants to take a hard look at established electronic spot FX platforms
FX Global Code gains support from Barclays
UK bank says it is committed to implementing the good practices described in the Code
GFXC launches last look review
Market participants asked to give feedback on language of Principle 17 by September 21