Specialist currency investment manager, Millennium Global, has committed to the FX Global Code of Conduct and will ensure adherence to its principles in partnership with ACI Financial Market Association (ACI FMA).
According to the company’s statement, Millennium Global is the first major UK-based buy-side asset management firm to sign up to ACI FMA’s E-Learning, Attestation and Certification (ELAC) Portal, a high-quality, accredited and continuous professional development solution.
Mark Astley, Chief Executive Officer of Millennium Global, stated: “We are pleased to sign up with ACI FMA’s market-leading ELAC portal which will provide accredited training and certification to our team. This partnership demonstrates our commitment to best practice in the foreign exchange markets on our clients’ behalf and shows that we are fully behind the FX Global Code.”
Through its ELAC Portal, ACI FMA will provide the buy-side firm with standardized, high-quality training and education programs so it can demonstrate its adherence to the 55 principles of the FX Global Code of Conduct.
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The code was developed by numerous individuals and executives over a three year period and allowed the achievement of a single code of conduct for all individuals to follow, and ensure that regulation is balanced across all platforms.
ACI FMA contributed directly to the creation of the FX Global Code by participating in the Market Participants Group (MPG) that reported to the BIS FX Working Group. The Code was published in May last year and market participants have been given approximately 12 months to commit to its principles on a voluntary basis.
Bruno Langfritz Chairman of the Management Board at ACI Financial Markets Association, commented: “As longstanding and active proponents of ethical conduct in financial markets, we wholeheartedly welcome Millennium Global to our ELAC platform. Introducing the first major UK-based asset management firm onto our ELAC Platform is a remarkable achievement for ACI FMA and shows the work ACI is doing to assist the wider industry in embracing the Code. We look forward to working closely with Millennium Global to improve market standards, education, training and ethical conduct.”