The foreign exchange (FX) industry has reached a critical milestone, approving a Global Code of Conduct this past May. The initiative has been warmly received by nearly all components of the industry, including multi-asset brokerage Invast Global. The Australian-based prime services group will be hosting an exclusive event this week to promote the FX Code, while also welcoming a plethora of executives and leaders from around the industry.
The event will be hosted this week at O-Bar on level 47 of Australia Square – the guest list will include some of the most decorated names in the FX industry and regulatory space, including special guest Guy Debelle, Deputy Governor of the Reserve Bank of Australia. Mr. Debelle has been one of the Code’s most vocal figures and key architects, capping off an initiative that was over a year in the making.
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Long time coming
Published in May 2017, the FX Global Code of Conduct by the Bank of International Settlements (BIS) emphasizes the growing need for transparency in the execution and governance of the industry. The document will aim to help foster more robust, fair, liquid, open, and appropriately transparent marketplaces, where different market participants are actively supported by a resilient infrastructure.
On its part, Invast Global strongly welcomes the FX Code of Conduct, and has wholeheartedly endorsed it since its inception. In light of its passage, the event – hosted by Invast – will include up to fifty attending executives. These individuals constitute the tip of the industry sword, and many of them were selected for their knowledge of the FX and regulatory space.
Gavin White, Invast Global CEO, commented on the Code: “The aim of the evening is to help keep the FX GCC top of mind and assist the industry in taking the next steps forward. As a STP non-bank prime broker we transparently pass pricing and execution from our bank and non-bank LPs through to our broker and hedge fund clients.
We are committed to protecting the interests of our clients at every stage. Hosting this event and promoting the FX GCC in this way is a big, high profile act on our behalf, but it is supported by the numerous little things we do every day to ensure the interests of our clients are protected.”