Stakes too high for non-adherence, Puth says
"We expect most market participants will get behind the Code at the time of launch," says the MPG chairman
While market participants still question whether adherence to the new Global Code of Conduct for foreign exchange will be enforceable, the stakes are too high for the industry to ignore new principles, says David Puth, chairman of the Market Participants Group (MPG), the industry representation involved in its creation.
The final version of the Code is three months away from publication, but despite the initial enthusiasm exhibited by the broader currency industry, concerns exist about the
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