The Global FX Code(FOREIGN EXCHANGE) is organised around six leading principles:
Ethics: Market Participants are expected to behave in an ethical and professional manner to promote the fairness and integrity of the FX Market.
Governance: Market Participants are expected to have a sound and effective governance framework to provide for clear responsibility for and comprehensive oversight
of their FX Market activity and to promote responsible engagement in the FX Market.
Execution: Market Participants are expected to exercise care when negotiating and executing transactions in order to promote a robust, fair, open, liquid, and appropriately
transparent FX Market.
Information Sharing: Market Participants are expected to be clear and accurate in
their communications and to protect Confidential Information to promote effective
communication that supports a robust, fair, open, liquid, and appropriately transparent
FX Market.
Risk Management and Compliance: Market Participants are expected to promote and
maintain a robust control and compliance environment to effectively identify, manage,
and report on the risks associated with their engagement in the FX Market.
Confirmation and Settlement Processes: Market Participants are expected to put in
place robust, efficient, transparent, and risk-mitigating post-trade processes to promote the predictable, smooth, and timely settlement of transactions in the FX Market.
