GFXC to focus on ‘customised outreach’ to buy side

In its first review, GFXC finds FX Global Code is generally accepted, but more can be done to increase adoption

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Reaching out: a priority for the GFXC is to promote the Code among all institutions in the global wholesale FX market

In a review of the FX Global Code of Conduct’s first year, the Global Foreign Exchange Committee says its future priorities include a “customised outreach” to the buy side and further embedding the principles into the fabric of the FX industry.

The GFXC notes more than 300 market participants have adhered to the Code in the year since its publication on May 25, 2017, but remarks that only a few corporates and less than half of the world’s 25 largest asset managers have registered their

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