Working Group Releases Guidelines For Wholesale Market Transactions


The final version of the principles and practices for wholesale financial market transactions, a voluntary code of best practices for over-the-counter, nonexchange traded financial instruments, was released on August 17.

The document was drawn up by representatives from the financial trade associations that participated in drafting the "code of conduct," which was coordinated by the U.S. Federal Reserve Bank of New York.

The principles are designed to define the relationship between particip