Rules of conduct and the e-trading challenge

With the Global Code of Conduct set to look at e-trading, the industry must ask how this growing area can best be governed

Roger Rutherford
Roger Rutherford: ParFX addresses the issues that the second part of the Global Code of Conduct will focus on

In May, the Bank for International Settlements (BIS) published the first phase of its Global Code of Conduct, providing detailed guidance on the standards and behaviour expected of foreign exchange professionals. With phase two set to cover topics such as e-trading, which continues to grow in popularity, the industry must ask itself: how can this best be governed?

May 26 marked a major milestone for the foreign exchange market, with the launch of phase one of the Code – the first truly

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