The GFXC has discussed the priorities for the upcoming review of the FX Global Code.
Following its semi-annual meeting that was held in Frankfurt/Germany last week, the Global FX Committee (鈥淕FXC鈥) has published a Press Release on Friday 5th July 2024 on its new website.
In that meeting, the Chair of the GFXC, Gerardo Garcia,聽confirmed that an updated version of the FX Global Code is expected to be published by the end of 2024. He has summarised the 2024 Code review progress and briefly described the next steps for the review.
The GFXC鈥檚 FX Settlement Risk Working Group delivered an update, highlighting that all Market Participants have a responsibility for reducing FX Settlement Risk.
In addition, the GFXC鈥檚 FX Data Working Group underscored the importance of enhancing transparency around the practice of delegated execution, and improving disclosures related to the use of data generated by clients on electronic trading venues.
Also, the Motivation for Adherence Working Group provided an update on efforts to increase visibility of the FX Global Code.
Once again, 新澳门六合彩官网 FMA is extremely pleased with the excellent work of the GFXC, of its Members and Working Groups in the continuous development and promotion of the highest standards of ethical and professional conduct that should be implemented by all Market Participants in the FX Markets.
For further details about the Press Release, please visit .
The minutes of this meeting are expected to be published in August 2024.
Kind regards,
新澳门六合彩官网 FMA