ACI FMA Partners With Axiom To Boost FX Global Code02.17.2020
The ACI Financial Markets Association (ACI FMA) has today announced a partnership with Axiom Global Advisors (Axiom) to help Market Participants around the globe implement and adhere to the FX Global Code.
The two partners will collaborate in the delivery of services and tools for Market Participants to embed the principles of the FX Global Code in their daily practices, particularly leveraging their respective education and consultancy offerings. A specific focus will be to raise professional standards in financial markets globally by working together in promoting ethical behaviour and integrity.
ACI FMA and Axiom will also organise events to raise awareness of the Code and offer guidance to support both adoption and implementation.
Kim Winding Larsen, President Delegate of ACI FMA, commented: “Since the inception of the FX Global Code, a priority for ACI FMA has been the further education of market participants on the Code and ensuring its implementation across the market. In fact, our ELAC portal has been recognised by Market Participants as a fundamental tool to assist the objectives of staff ongoing adherence to the Code.
“To support this goal, we are very pleased to be entering into a partnership with Axiom Global Advisors, who share our vision and mission of market wide adoption and education of the FX Global Code.”
Julian Gladwin, Founder of Axiom Global Advisors, said: “We set up Axiom with the mission to help Market Participants understand the FX Global Code and the principles that need to be applied in order to best meet practices, promoting conduct and ethical behaviour. Partnering with ACI FMA will allow us to meet our shared goal of educating the FX industry in the most effective ways of implementing and monitoring the effectiveness of the Code.”
Source: ACI FMA
LMAX Group intends to offer trading of NDFs in early 2023.
The banks have settled $200bn in transactions on DLT and plan to add more currencies.
Schroders cleared NDF trades across a Asian and Latam currency pairs via Citi.
Traders can identify matches of large trades with other buy side firms, and banks can also show axes.
CLSNet reduces risk by standardizing FX post-trade processes.