Communications from FX market Participants are expected to be both clear and accurate. In addition Market participants should protect Confidential Information. These efforts to promote effective communication will thus go towards supporting an FX Market that is robust, fair, open, liquid and appropriately transparent.
Care is expected to be exercised by FX Market Participants when negotiating and executing transactions and in dosing so, promoting a strong, fair, open, liquid and appropriately transparent Foreign Exchange Market.
Participants in FX Markets are expected to both promote and to maintain a strong environment of compliance and control. One that effectively identifies, monitors, measures, manages and reports upon the risks associated with their participation in the Foreign Exchange Market.
Those participants within the FX Market are expected to put into place processes to promote the predictable, smooth and timely settlement of transactions within the FX Market. These processes should be risk-mitigating as well as transparent, efficient and robust.