Global Code architects pledge to keep principles updated

The FX code of conduct will evolve to reflect market changes

Chris Salmon at the Bank of England
Chris Salmon: leading the work on developing adherence procedures

The architects of the Global Code of Conduct have pledged to keep the book of principles updated on an ongoing basis to reflect the market's constant evolution, which is something the previous codes used by central banks have failed to do, the four leaders of the work said at an event organised by the ACI Financial Markets Association in New York on May 26.

The first phase of the Global Code was released on May 26, dealing with information sharing, order execution, ethics, and confirmation and

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