Finserv Firms Express Support for Global Code of Conduct for FX Market

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Financial services firms have expressed their support for the BIS FX Global Code of Conduct. The first phase of the Global Code of Conduct for the Foreign Exchange Market and principles for adherence to the new standards were released earlier this week by the Bank of International Settlement (BIS) - - and financial services firms are expressing support for the proposals.

The ACI Financial Markets Association (ACI FMA), the global trade association for wholesale financial market professionals, welcomes the release of Phase One of the BIS Global FX Code of Conduct. The ACI FMA has participated in its development as a member of the Market Participants Group (MPG) and fully supports this Code.

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 Source: Phil Albinus, Traders

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