Global FX Code Gains Adoption but Last Look is a Thorny Issue

Global FX Code Gains Adoption but Last Look is a Thorny Issue

Over 200 market participants have signed the FX Global Code of Conduct, a voluntary set of principles published a year ago to restore trust and curb bad behavior in the wholesale foreign exchange market.



Over 200 market participants have signed the FX Global Code of Conduct, a voluntary set of principles published a year ago to restore trust and curb bad behavior in the wholesale foreign exchange market.

Citing a rapid increase in the number of signatories from every corner of the foreign exchange markets, the Foreign Exchange Professionals Association (FXPA) held a webinar on May 30 to discuss the status of the FX Global Code on the one-year anniversary of its publication.

“Market practitioners truly [are] embedding the code into their day-to-day practices of how they run their business,” said David Puth, CEO of CLS Bank International and Vice-Chair of the Global Foreign Exchange Committee (GFXC).

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