Once again, the GFXC discussed important topics to Market Participants in the FX Market.
The Global FX Committee (GFXC), which promotes, maintains and updates the FX Global Code, met via videoconference on 8th December 2020.
Please check the Press release here:
At this meeting, Market Participants discussed the progress made on the review of the FX Global Code (which could be finalised by mid-2021), among others.
The GFXC also announced that Richard de Roos, Group Head of Foreign Exchange for Standard Bank Group, was selected as Co-Vice Chair, replacing Akira Hoshino, Head of FX at Citibank Tokyo. ACI FMA welcomes Mr. De Roos' appointment and sees it as an important step towards furthering the development of adherence and implementation of the FX Global Code in Africa.
In addition, it was announced that two new Associate Members have joined the GFXC: the Indonesian Foreign Exchange Market Committee and Israel. There are now 17 Members and 3 Associate Members in the GFXC.
Finally, we also want to highlight that the GFXC has published a Summary of Market Conditions in GFXC Member Committees.
Please find that Summary, as well as the Agenda for the meeting here:
ACI FMA’s members are longstanding proponents and influencers of ethical conduct and good market practices to financial markets professionals.
Kim Winding Larsen
ACI FMA President Delegate