FX Global Code
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
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Platforms voice support for Code, but shy away from policing clients
While venues overwhelmingly say they will adhere to the Global Code, they won't turn away clients who don't
Hardwiring best practice into spot FX trading venues
The BIS FX Global Code of Conduct is compelling participants to take a hard look at established electronic spot FX platforms
FX Global Code gains support from Barclays
UK bank says it is committed to implementing the good practices described in the Code
GFXC launches last look review
Market participants asked to give feedback on language of Principle 17 by September 21
BIS releases final version of GCC
The BIS’s FXWG, led by Guy Debelle, releases the document containing 55 principles for good conduct in FX markets
Australian regulator accepts FX remedial plan from Macquarie
Macquarie is the fifth Australian bank to present remedial programmes to Asic for failures in its FX business
Focusing on the future of conduct
The complete FX Global Code of Conduct launches this week, driving a new era of harnessing technology to deliver compliance solutions
Puth: buy side plays crucial role in FX Global Code adherence
Understanding the services offered by providers will allow clients to exercise caveat emptor rights
Webinar: hosted by FX Week and ACI FMA on the Global Code of Conduct
Listen to the recorded version of the webinar, which took place on April 5
GCC: the ‘likely’ definition of Principle 17
The last look battleground hinges on the wording of the practice
Goldman’s new terms may as well say 'f@*k you' at the top, participant says
Goldman Sachs sends clients updated terms-of-dealing document signalling asymmetric last look is alive and kicking
CORRECTION: Principle 17 on last look will be subject to review
FX Week incorrectly stated that Principle 17 related to pre-hedging rather than last look
David Puth: Principle 17 will be subject to review
Audio webinar hosted by FX Week and the ACI Financial Markets Association saw more than 100 individuals dial in to ask questions ahead of the Code’s release
LMAX Exchange is the first to commit to FX Global Code
The change of heart follows reassurance that Principle 17 on pre-hedging will be subject to comment after final release