Buy side still not adopting FX Global Code – Debelle

FX committee wants asset managers to embrace standards; shifts focus to algo trading

currency
Trading transparency: about 90% of sell-side entities have signed up to the FX Global Code

Conduct in the foreign exchange market has improved since the release of the FX Global Code, but many buy-side firms have still not embraced the new standards, says a senior regulator who heads the industry group responsible for overseeing it.

“It’s clear that work needs to be done to get greater adherence to the code amongst the buy side and to address some of the issues they’ve raised in their feedback on the code,” said Guy Debelle, chair of the Global Foreign Exchange Committee and deputy

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