Day: May 22, 2019

The FX Global Code – Has it Made a Difference?

The FX Global Code of Conduct remains one of the biggest initiatives in the foreign exchange industry for many years, wide a wide spectrum of different market participants around the world participating in the creation of the principles contained within it. But given that the Code was introduced to address a specific issue – evidence […]

Outgoing GFXC Chair Potter Highlights Ongoing Work

Outgoing Global FX Committee chair Simon Potter remains optimistic about the impact of the FX Global Code and has signalled a busy work schedule for the Committee and its working groups over the coming year. In an interview withProfit & Loss Potter outlines the continuing work of the separate streams established by the GFXC, but makes […]

ACI UK to Pilot Global Code Training Course

Profit & Loss understands that ACI UK is working with Corellian Trading Academy to pilot a two-day training programme on the FX Global Code of Conduct. At the end of the programme delegates will have the option to take the ACI Global Code Certificate examination, which was launched by ACI globally in May 2018. The […]

Debelle Named as GFXC Chair

Guy Debelle, deputy governor of the Reserve Bank of Australia (RBA), has been named as the next chair of the Global Foreign Exchange Committee (GFXC). His two-year term will begin in early July, 2019, after he was nominated and elected to the position at the latest two-day GFXC meeting hosted by the Bank of Japan […]

Cboe FX Launches One-to-One Execution Solution

Cboe FX has launched a new solution called Cboe FX Point, which allows clients to manage one-to-one trading relationships utilising the platform’s technology, infrastructure and settlement relationships. Noting that liquidity provision in the FX market is “deeply fragmented” right now, with institutions conducting their trading activity with a range of different counterparties across a variety […]

Study Shows Long-Only Investors Looking to Alternative Data

Traditional “long-only” investors are joining quantitative early-adopters in using alternative data to achieve investment alpha, according to a new study from Greenwich Associates. Nearly half of investment managers that participated in the study said that they use alternative data, with another quarter planning to do so in the next 12 months. Meanwhile, the study shows […]