In the run up to the May 2017 release of the FX Global Code, ACI FMA decided to retire the ACI Model Code. ACI FMA wholeheartedly welcomed the new FX Global Code. Through education, thought leadership and industry influence, ACI FMA will continue to assist its members – and the wider industry – to embrace the FX Global Code.
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.
Following the success of the newly-created ACIFMA FX Global Code Certificate, with immediate effect the ACIFMA have taken the decision to remove the code of conduct sections from its Dealing Certificate and Operations Certificate syllabuses – creating a discrete suite of standalone professional and behavioural examinations.