The Foreign Exchange Professionals Association (FXPA) has announced the latest addition to its membership, this time adding Jump Trading as the newest Governing Council Member of the US trade group of forex professionals, according to an FXPA statement.
Commenting on the membership, Mark Bruce, Head of FICC at Jump Trading, said: “We are pleased to have the opportunity to participate in FXPA, which promotes active discussions around the most pressing matters in the changing FX space.”
“The vision for FXPA is expressed in the mission statement, which is to represent the collective interests of professional foreign exchange industry participants to advance a sound, liquid, transparent and competitive global currency market to policymakers and the marketplace through education, research and advocacy. We are pleased to welcome Jump Trading to join us in this effort,” added an FXPA spokesperson.
Launched in September 2014, FXPA is a Washington-based organization for the foreign exchange (FX) industry. Its main aim is to engage key US and international regulators, policymakers, the general public and news media of via education, research, and transparency.
Among its members are Bloomberg, CME Group, BATS Global Markets, BNY Mellon Global Markets, Intercontinental Exchange (ICE), Moscow Exchange, Virtu Financial, Singapore Exchange, Thomson Reuters, Traiana, FXSpotStream.
Earlier in May, the FXPA kicked off a round of meetings with global institutions, which held talks with the UK’s Financial Conduct Authority (FCA), the Bank of England, the Prudential Regulatory Authority, as well as multiple peer FX trade associations – the primary goal of the meetings was to address a recent comment letter submitted to the Securities and Exchange Commission (SEC), which had called for an FX exemption of proposed funds’ use of derivatives rules.
FXPA now includes the following companies, spread across each of its membership categories.
BATS Global Markets
BNY Mellon Global Markets
Intercontinental Exchange (ICE)
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Integral Development Corp
Singapore Exchange (SGX)
State Street Global Markets
Campbell & Company