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22/07/2021

Update of the FX Global Code

The FX global code was launched in May 2017 as a set of global principles of good practice in the FX market. It was recently updated by the Global Foreign Exchange Committee (GFXC), with changes made to 11 of the Code's 55 principles.

The objective is to strengthen its principles of good practice in the FX market in several key areas, particularly anonymous trading, algorithmic trading and transaction cost analysis, as well as disclosures and settlement risk.

More information can be found in the press release published by the GFXC titled 'GFXC updates FX Global Code, in the new templates for disclosures and in the guidance paper on Pre-hedging' and which can be accessed via this link.

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