We agree that trading activity that utilises information from the trade request is inconsistent with good market practice. Furthermore we consider that such activity, when undertaken by market participants acting as principals as defined in Principle 8 of the GCC, is inconsistent with good market practice and thus the word “likely” should be removed.
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"In the financial markets, nothing is more important than trust. ACI is the world’s leading non-profit, non-political association of wholesale financial market professionals, and has a proud and illustrious history of involvement in helping educate and test individuals on ethical conduct and best practices."
Managing Director ACIFMA