Strengthening Principles & Code of Conduct Standards in FX Markets
GFXC: Member Jurisdictions
The Global Foreign Exchange Committee (GFXC) is a forum tasked with keeping the FX Global Code maintained and updated.
“bringing together central banks and private sector participants with the aim to promote a robust, liquid, open, and appropriately transparent FX market in which a diverse set of participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available information and in a manner that conforms to acceptable standards of behaviour”
The Global Foreign Exchange Committee (GFXC) has members from a number of jurisdictions around the world, including from central bank-sponsored Foreign Exchange Committees and similar structures in the various regions.
Every Foreign Exchange Committee member each designates two representatives - one from a central bank and one from a private sector, as their representatives for the Global Foreign Exchange Committee (GFXC).
Private sector representatives might be from the broking community, infrastructure providers or industry associations or senior practitioners from financial or non-financial institutions that are active in the wholesale FX market.
GFXC Member jurisdictions include:
In addition, there are Associate Members that meet some, but not all of the criteria to be a full member of the GFXC. At present, the GFXC has Associate Members from the following jurisdictions: