FX industry creates lobby group

The group will also aim to reduce systemic risk in the FX market.

The operational board of the new body has yet to be announced but an AFME spokesperson said: "AFME has begun recruiting a managing director to lead the division, as well as other key staff. The body will be operational at the end of the summer."

AFME is working with its partners, the Securities Industry and Financial Markets Association and the Asian Securities Industry and Financial Markets Association, to act as a voice for the

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