As market adherence to the global FX code continues to surge, the Global Foreign Exchange Committee (GFXC) shared its planned next steps with TradeTech FX US attendees in Miami.
Following a scorecard assessment of its FX trading platforms 12 have been cut, as Citi says it expects vendors to adhere to the FX Global Code of Conduct.
Vanguard, Allianz Global Investors and AXA Investment Managers among the large buy-side firms still not committed to the FX Global Code of Conduct.
Over two years since the introduction of the FX Global Code of Conduct, the buy-side continues to keep it at arm's length say Sibos panel.
The Bank of England’s Andrew Hauser says that buy-side concerns with compliance remain an issue, with just 11 of the 30 largest buy-side firms agreeing to adoption.
Chief strategy and development officer at CLS, Alan Marquard, sits down with The TRADE to discuss the buy-side’s increasingly active role in FX settlement, the importance of the FX Global Code of Conduct for the industry, and provide an update on CLS’s recent blockchain projects.
With 25 May marking the first anniversary of the FX Global Code of Conduct, The TRADE examines whether FX institutions are choosing to adhere to the Code and if compliance has proved difficult for some.
The Bank for International Settlements FX Global Code of Conduct was introduced almost a year ago, with more than 100 market participants committed.
Bank for international Settlements has released the first phase of Global Codes for FX, which has been welcomed by the market.