Is Your Counterpart Committed to the FX Global Code? Here’s How You Check

A year after the publication of the FX Global Code of Conduct, firms can easily find out who’s committed

As the anniversary of the publication of the FX Global Code of Conduct is behind us, companies are starting to delve deeper into the details of the document. With many now willing to find out whether their partners have committed to the code, the first public register of the firms that have is now live.

Today the Global Foreign Exchange Committee has launched a new website where firms can do a quick check to find out if their counterpart has signed up to the good practice commitment. The Global Index lists the Statements of Commitment to the FX Global Code of Conduct from the selected registers.

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List of Registers

The Australian AFMA, London-based CLS and NEX, CFETS in China, MFXC in Mexico, the Tokyo Foreign Exchange Market Committee and the Treasury Markets Association in Hong Kong have all been collecting the statements of commitment to the FX Global Code throughout the past year.

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Late last year, NEX launched the NEX Register to help promote the adoption to the Code’s principles and has gathered the widest range of Market Participants in one register, bringing together Market Participants from across the industry which is vital to the success of the Code.

The registers are expecting to see the numbers and range of those looking to publicly state their commitment to the Code accelerate in the coming weeks.

The full list of 196 companies can be viewed here:

https://www.globalfxc.org/global_index.htm

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