By committing to the codes, the clearinghouse aims to improve transparency and standardisation across the industry.
LCH Ltd, the multi-national clearing house controlled by the London Stock Exchange Group, has released a statement of commitment to the FX Global Code and the UK Money Markets Code on Monday.
The FX Global Code was developed to set international principles for good practices in the Forex market. The UK Money Markets Code, on the other hand, sets out the standards and best practices in the deposit, repo and securities lending market in the United Kingdom.
LCH joins the club
The clearinghouse joins a large group of more than 100 other market participants to commit to the global code. These include central banks and banks including Barclays, Citi, Deutsche Bank and JPMorgan Chase & Co. In addition, the code is also supported by electronic trading platforms such as Bloomberg and Thomson Reuters.
Only on Friday, Finance Magnates reported the Moscow Exchange (MOEX) announced that it signed a statement of commitment to the FX Global Code. The exchange, which is the global center of Liquidity for the ruble, was the first Russian financial institution to commit to the code.
Commenting on the announcement, Martin Pluves, CEO at LCH Ltd, said: “as a global clearing house, trust and efficiency has always been a core part of our values. We’re pleased to set out our commitment to both the FX Global Code and the UK Money Markets Code and we are supportive of their objectives to improve transparency and standardisation across the industry.”
With the global code being widely accepted and promoted within the forex markets, as of May, firms can check whether their counterpart has signed up to the good practice commitment. This is thanks to the Global Foreign Exchange Committee launching a website where the Global Index lists the Statements of Commitment to the FX Global Code of Conduct from the selected registers.
Through its Collateral and Liquidity Management function, LCH is an active participant in the forex markets. According to the statement, in 2017 the clearinghouse held average daily investments of €66.5 billion of cash collateral. LCH’s ForexClear service allows investors to clear FX NDFs and physically delivered FX Options and their hedges.
LCH Ltd, the multi-national clearing house controlled by the London Stock Exchange Group, has released a statement of commitment to the FX Global Code and the UK Money Markets Code on Monday.
The FX Global Code was developed to set international principles for good practices in the Forex market. The UK Money Markets Code, on the other hand, sets out the standards and best practices in the deposit, repo and securities lending market in the United Kingdom.
LCH joins the club
The clearinghouse joins a large group of more than 100 other market participants to commit to the global code. These include central banks and banks including Barclays, Citi, Deutsche Bank and JPMorgan Chase & Co. In addition, the code is also supported by electronic trading platforms such as Bloomberg and Thomson Reuters.
Only on Friday, Finance Magnates reported the Moscow Exchange (MOEX) announced that it signed a statement of commitment to the FX Global Code. The exchange, which is the global center of Liquidity for the ruble, was the first Russian financial institution to commit to the code.
Commenting on the announcement, Martin Pluves, CEO at LCH Ltd, said: “as a global clearing house, trust and efficiency has always been a core part of our values. We’re pleased to set out our commitment to both the FX Global Code and the UK Money Markets Code and we are supportive of their objectives to improve transparency and standardisation across the industry.”
With the global code being widely accepted and promoted within the forex markets, as of May, firms can check whether their counterpart has signed up to the good practice commitment. This is thanks to the Global Foreign Exchange Committee launching a website where the Global Index lists the Statements of Commitment to the FX Global Code of Conduct from the selected registers.
Through its Collateral and Liquidity Management function, LCH is an active participant in the forex markets. According to the statement, in 2017 the clearinghouse held average daily investments of €66.5 billion of cash collateral. LCH’s ForexClear service allows investors to clear FX NDFs and physically delivered FX Options and their hedges.
FXCubic Integrates Devexperts' DXtrade to Enhance Broker Solutions
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa