FXMPG tackles FX practices

The industry working group's mandate is to produce a series of globally harmonised best practices covering the whole life cycle of FX transactions, said Jackie Farrow, head of FX programme, broker/dealer markets, at industry co-operative Swift in Brussels.

"We are not looking to reinvent the wheel," said Farrow. "The idea here is to focus on operational implementation but still look to possibly revise or add to the best practices that exist today."

Farrow said the group is a result of feed-back

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