Ethical Conduct in Financial Markets

ACI and Codes of Conduct

ACI has always encouraged its membership to acknowledge, respect and adhere to principles of ethical behaviour. ACI has been an active part of the evolution towards new global standards in the Financial Markets. 

ACI is proud to have participated in the creation of the FX Global Code and believes that it provides an excellent framework for ethical conduct that will be enhanced and refined as market circumstances demand. 

As longstanding proponents and influencers of ethical conduct, ACI welcomes the progress made by the FX Working Group in respect of defining Code principles, governance and adherence.  An active member of the Market Participants Group reporting to the BIS FX Working Group, ACI contributed directly to this important industry initiative and will continue to contribute to the GFXC (Global Foreign Exchange Committee) that has assumed ownership and responsibility for the future development of the Code.   ACI will also participate directly in ongoing market consultation on specific Code Principles.

Committee for Professionalism (CFP)

ACI's longstanding Committee for Professionalism (CFP) comprises of industry-wide market practitioners representing the spectrum of financial markets participants and with broad and deep industry expertise. The CFP is responsible for oversight and review of the use cases and questions used to measure delegate understanding of practical applications of the 55 Principles set out in the Global Code of Conduct.

The CFP is responsible for developing and maintaining ACI FMA's proprietary market principles and practices guidelines (formerly ACI Model Code) which provide comprehensive guidance to market participants on broader financial markets best practices across the trading lifecycle from front end execution to back office processing.

In the event of a dispute, the CFP is able to offer expert guidance and recommendations for resolution. In certain cases, the Chair of the ACI CFP may be called as an expert witness.

Read more about Committee for Professionalism, Committee Chair and Members


ELAC — The E-Learning Attestation and Certification portal allows individuals to demonstrate adherence to Codes of Conduct on a continuous basis through a Personal Accreditation rating (PAR).

Read more about ELAC

Ethical Conduct - Solutions for Institutions and Individuals

Focused on three core principles of Membership, Education and Ethical Conduct, ACI is committed to supporting market participants to operate to the highest standards of ethical conduct and best market practice. ACI's suite of Code-compliance tools and services support market participants - individual and organisation - to understand, adhere and attest to 'compliance' with Codes of Conduct (and other internal, national and international Codes of Conduct), and to convert principles to best market practice.


To find out more about ACI's suite of Ethical Conduct services and solutions and how they support individuals and institutions to adhere to prevailing Industry Codes and market practices, click here.

Contact us

Tel : + 33 1 42 97 51 15