Copyright 2016-2018 © All Rights Reserved FXGlobalCode.com provided by Compound Growth Ltd

Contact us About $ ¥ $ € £ € € € £ ¥ £ $ £ $ ¥ ¥ € ¥ € £ ¥ € £ ¥ € £ € $ FX  GLOBAL CODE $

Strengthening Principles & Code of Conduct Standards in FX Markets

$ £ $ ¥ $ € € $ ¥ ¥ ¥ ¥

Global FX Code: Who Does it apply to?

The Global FX Code, now published, has been written to encompass ALL those that participate within the FX Market.

“The Global Code will evolve, as required, over time as the FX Market evolves”

Phase 1: Material for Global FX Code May 2016, FXWG

The Global FX Code has been written with the diversity of FX Market Participants in mind. FX Market Participants can vary greatly in how they engage in the market and with which FX products they engage. Since the Global FX Code is expected to apply to all FX Market Participants, this includes sell-side and buy-side entities as well as non-bank liquidity providers, operators of E-Trading Platforms and other entities that provide brokerage, execution and settlement services.

Given the diversity of the FX Market it is difficult to have just one approach for all; however the Global FX Code is intended to establish a “common set of guidelines for responsible participation in the market”.

Who is an FX Market Participant under the Global FX Code?

For the purposes of the Global FX Code, a “Market Participant” is therefore a person or organisation (no matter their legal form):

The term “Market Participant” also encompasses any personnel that conduct any of the above on behalf of a Market Participant.

Therefore, in general, the following types of persons and organisations would invariably be expected to engage in FX Market activities as Market Participants:

Who does the Global FX Code not apply to?

Invariably the following types of persons would not generally be expected to engage in FX Market activities as Market Participants, as detailed above:

As mentioned, Market Participants in the Global FX Market are incredibly diverse in the type and level of their engagement. Since the FX Global Code is expected to apply to all FX Market Participants, the details of how to apply it may depend upon a participant’s underlying activities.

Further information:


Who does the Global FX Code apply to?

Contact us$£€€£$¥€¥€££$¥$€€$¥

>>Read more

The final FX Global Code of Conduct has now been published!

The FXWG has now completed their mandate to develop a single set of global principles  for the wholesale FX market..

FX Market News

2017: The FX Global Code is Published!

Related Reading: