Kx Systems: ‘fill or kill year’ for Global Code adoption

We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel

Richard Kiel - Kx Systems - web.jpg
Richard Kiel: “…in terms of being able to surveil the behaviour of market participants, principles are not enough”

More than a year and a half since the official launch of the FX Global Code of Conduct in May 2017, a central repository of market participants who have publicly committed to the principles had little more than 600 entries as of December 2018. Only a handful of them are from the buy side.

Adherence to the Code will, once again, come into the spotlight in 2019, as the authors of the document and currency participants place greater focus on its adoption.

But that momentum will need to be backed

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