UK Central Bank Signs FX Global Code, Prime Brokers Next in Line

[kreslik.news]

If you haven’t been tracking the development of the FX Global Code of Conduct, now is a good time to begin paying attention. Today marks the start of the irreversible process that will force all market participants in the FX industry to commit to the document.

The UK central bank’s signature below the document starts a trickle down process that will cause prime brokers, prime of primes, liquidity providers and brokers to commit to FX Global Code of Conduct.

Six other central banks in the European System of Central Banks (ESCB) have simultaneously issued statements of commitment to ... (read more)