ACI partners ICA to promote FX Global Code in Mena

Financial market association joins forces with Interarab Cambist Association

egypt
Mena partners: the two trade bodies recently held their annual meetings together in Egypt

The ACI Financial Markets Association has partnered the Interarab Cambist Association, a trade body representing bank and financial institution professionals working in the Middle East and Africa, to promote the adoption of the FX Global Code of Conduct in the region.

The ICA, which was established in 1972, has members in 15 countries. It provides training and workshops relating to asset classes such as FX, interest rate products, equities and commodities.

“We are very pleased to build on our co-operation with the Interarab Cambist Association. The Middle East and Africa are amongst the fastest-growing developing markets for FX trading, with countries such as South Africa and United Arab Emirates emerging as key regional trading hubs,” says Rui Correia, director of education at ACI FMA.

As part of their collaboration, the two trade bodies recently combined their annual meetings in Egypt on October 25-27, with more than 500 financial market professionals gathering in Cairo.

The ACI said the partnership is part of the body’s efforts to strengthen engagement with professionals and institutions in both emerging and developing markets, and to promote the adoption of the FX Global Code of Conduct.

The ACI FMA will be hosting a webinar called ‘FX Global Code – Education and Adherence’ on November 14, featuring speakers from the European Central Bank, BBVA, Refinitiv and ING Bank.

“The launch of the FX Global Code offers a unique opportunity to ensure all FX market professionals adopt universal standards of ethics, conduct and behaviour. This partnership is an important step in raising awareness of the FX Global Code and promoting adherence,” Correia adds.

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