Regulation
FX Global Code webinar – in case you missed it
On June 28, the newly elected leadership of the GFXC talked to FX Week about its work so far and plans for the future
GFXC to continue work on disclosures
Simon Potter elected to chair GFXC, while Boehler and Hoshino become co-vice-chairs
A new era for global FX
Neill Penney, co-head of trading at Thomson Reuters, says innovation rather than regulation can finally be the driving force in FX markets
TraderTools commits to FX Global Code
Yaacov Heidingsfeld says the firm supports the goals of the principles
New York Fed commits to FX Global Code
It promises to conduct its currency business in a manner consistent with the set of principles
GFXC launches Global Index of Public Registers
The index creates a single access point to all of the public registers tracking firms that have signed statements of commitment
Restoring trust in the foreign exchange market – the FX Global Code of Conduct
After one year of the FX Global Code of Conduct, the ECB’s Christophe Beuve and Roswitha Hutter give an update
FX Week to host Code webinar with new GFXC chair and vice-chair June 28
The GFXC meets in Johannesburg to elect a new chair and vice-chair as well as to outline priorities on June 27
ECB and RBA warn on Global Code adherence
Representatives from the central banks tell delegates at two FX Week events the transition period is almost over
EU central banks complete FX Code adoption
Seven additional members of ESCB sign statements of commitment to principles on May 14
ACI launches online Global Code exam
It will test an individual’s understanding of the Code and best market practice
Solid FX commits to Global Code
Statement of commitment will show up on the public registers of CLS and Nex
Thomson Reuters to relocate FX MTF to Dublin
Irish MTF will allow the firm to continue offering foreign exchange services in the EU
First-ever SMR fine lands with Barclays chief
Regulators say James Staley failed to act in a diligent manner in whistleblowing case
BIS commits to FX Global Code
The institution says it is committed to conducting its FX market activities in a manner that adheres with the 55 principles
Neill Penney to serve on GFXC
He becomes the FXJSC's private-sector representative on the Global Foreign Exchange Committee
Goldman Sachs hit with $54 million NYDFS fine
Regulator slaps bank with fine for unsafe and unsound FX practices between 2008 and 2013
RBC fights £13 million whistleblower claim
Ex-trader John Banerjee is suing RBC for unfair dismissal and aims to claim whistleblower status
Asian flows bloom post-Mifid II, TR's Penney says
Trade flow patterns are also changing, leading TR to launch a direct THB/JPY cross sometime this year
Colt partners NPL on timestamping
Mifid II requires that reportable events are traceable to coordinated universal time
NY attorney general launches inquiry into cryptocurrency exchanges
Thirteen major virtual-currency trading platforms must complete a questionnaire on their fees and operations by May 1
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
Pragma commits to FX Global Code
The vendor says it wholeheartedly supports the aims of the 55 principles
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting