Hardwiring best practice into spot FX trading venues
The BIS FX Global Code of Conduct is compelling participants to take a hard look at established electronic spot FX platforms
It has been a turbulent time for foreign exchange in recent years, with behavioural scandals, periods of patchy liquidity and so-called flash crashes shaking investor confidence. Attempts to repair the market’s reputation and prevent external bodies from imposing additional regulation have led to the development of the Bank for International Settlements’ (BIS) FX Global Code of Conduct.
The Code – the first phase of which was released in May 2016, followed by the second and final parts on May
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