Buy side said to target sell side with Code compliance

Two years in, buy-side participation remains low, as some cite barriers to adoption of conduct principles

David Clark
David Clark: “Problems of behaviour and conduct took place under a rules-based regulatory system"

Fewer than 50 buy-side market participants have committed to the FX Global Code of Conduct since it was officially published two years ago, but the body in charge of setting the new standards says the buy side is increasingly leveraging the Code to scrutinise the sell side.

The Code’s take-up on the buy side is perhaps not where some would wish it to be, says David Clark, chairman of the European Venues and Intermediaries Association, and a member of the Global Foreign Exchange Committee’s

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