Platforms voice support for Code, but shy away from policing clients
While venues overwhelmingly say they will adhere to the Global Code, they won't turn away clients who don't
Despite the broad support garnered by the FX Global Code of Conduct following its publication, trading venues and banks say they will not go so far as to turn off access for clients who do not commit to the principles of good behaviour, FX Week finds.
Following the release of the principles on May 25, market participants have been given up to 12 months to sign a so-called statement of commitment letter. While compliance to the Code and its standards is voluntary, several major central banks
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