FX Global Code
Cboe FX: LP competition to heat up
As banks re-enter the market-making fray, challenging non-bank liquidity providers
Deutsche Bank: FX Code and disclosure to dominate
Adherence to FX Global Code of Conduct will be a key focus
Barclays sees renewed momentum and innovation in 2018
Mifid II and Global Code give FX market the impetus to improve transparency and efficiency
BestX: FX Code may bifurcate liquidity in 2018
This could lead to venues having to manage multiple liquidity streams
GFMA sees Mifid II as an opportunity for dealers
Dealers will review their strategic decisions in 2018
BNP Paribas signs up to FX Global Code
The French bank is the third lender to sign a Statement of Commitment after Barclays and Saxo Bank
GFXC publishes final word on last look
The GFXC has released the new and final version of Principle 17 and added two examples to illustrate best practice
2017: the year of analytics, atonement and pants
Despite the raised level of personal responsibility and accountability, FX industry participants continued to make dreams come true
ECB and 14 peers commit to the Code
Bank of England and rest of the European Union central banks set to follow suit in early 2018
Chappell becomes ACI education director
Paul Chappell steps into newly created role to promote the trade association’s education strategy
Nex commits to FX Global Code, sets up public register
The company commits to adhere to the principles of the code of conduct
GFXC decides to change Principle 17
Principle 17 to be tweaked to reflect GFXC's view that participants should not undertake trading activity that uses information from the client's trade request during last look window
FCA to publicly recognise selected codes of conduct
Regulator launches consultation on its proposals to supervise SM&CR rules and says public recognition will encourage adherence
Thomson Reuters commits to FX Global Code
The venue joins a number of early adopters in pledging to support better behaviour in the currency market
BidFX commits to Global Code
The TradingScreen-owned platform reviews and realigns practices to fully adhere to the principles
ACI joins voices calling for changes to Principle 17
ACI finds “no firm evidence or specific situations” where there is any likely benefit to clients from trading in the last look window
Hotspot commits to FX Global Code of Conduct
CBOE-owned platform becomes the second FX venue to signal its commitment
Last look consultation closes, outcome uncertain
Responses to GFXC’s consultation on last look will be published before the body meets on November 14
Singapore to play leading role in GCC adherence, Loh says
Speaking at FX Week Asia, Jacqueline Loh stressed the importance of adherence to the FX Global Code of Conduct
CLS commits to FX Global Code, sets up public register
The settlement firm says it has aligned its activities with the principles of the Code
XTX moves to zero hold times
The liquidity provider eliminates discretionary latency buffers in the last look window when trading with direct counterparties on a disclosed basis
ECB outlines approach to implementing FX Global Code
Adherence to the code of conduct will be a prerequisite for membership of the ECB’s Foreign Exchange Contact Group
Asia strongly supportive of Global Code of Conduct – GFMA
Backing from local central banks for the principles will filter down to participants, says John Ball
Saxo signs up to FX Global Code
The Danish bank is the second firm to commit after Barclays