The ACI Financial Markets Association (ACI FMA), which is representing over 9,000 financial market professionals, is launching a new online version of the FX Global Code Certificate on May 25, 2018.
The effort aims to raise awareness amongst foreign exchange market participants about their preparedness for the full implementation of the document.
The ACI FMA has prepared a 60-minute online exam for company representatives. It ensures that the given market participant, be that buy side, sell-side or an intermediary institution, regulator or a central bank manages to tackle the operations and compliance challenges associated with the implementation of the FX Global Code.
Middle and back-office, operations personnel, and compliance and risk officers have taken the first step towards demonstrating adherence and knowledge of the FX Global Code.
The exam aims to provide a fully verifiable means that enables companies to apply a self–certification process for the FX Global Code. The formal testing and qualification of an individual’s understanding of the Code’s six themes and 55 principles, warrants that the company is adequately applying the code and is aligned with best market practices.
Commenting on the launch of the exam, the Chair of the Management Board at ACI Financial Markets Association, Bruno Langfritz, said: “As we approach the deadline for institutions to sign up to the Code, the ACI Online FX Global Code Exam is another tangible step for market practitioners to demonstrate their awareness of the Code’s principles and how it applies to their jobs.”
“In addition to the certificate, we are seeing a strong demand for our ELAC Portal, which provides a more comprehensive learning and development experience. This is contributing towards a greater understanding of the prevailing ethical standards, adherence and best practices in the FX market,” Langfritz elaborated.