07.05.2018

QUICK TAKE: Buy Side Aligns With FX Global Code

07.05.2018

The buy side could get more involved in adopting the FX Global Code – and soon.

The Global Foreign Exchange Committee, which oversees the FX Global Code, issued a statement on the FX Global Code’s progress following its meeting late last week in Johannesburg, South Africa. In speaking to Traders Magazine, Curtis Pfeiffer, Chief Business Officer at Pragma Securities, said there were a number of takeaways from the meet – especially when it came to the buy side.

“The GFXC acknowledges the need to conduct further work around transparency, disclosures and ‘cover-and-deal’ trading,” Pfeiffer began. ““A key highlight is the 300+ institutions that have signed up to date. The creation of a new group dedicated to strengthening buy-side engagement is an important step.”

He added that upon further analysis of the public registers shows that, in relative terms, there are a smaller number of buy-side participants that have signed up to the Code. But that should likely change moving forward.

“Initially, there was a perception that the Code was primarily aimed at the sell-side, and therefore the buy-side felt less urgency to sign up. By creating this group, the GFXC has made its intentions clear and we should see an uptick in buy-side adoption over the coming months.”

Pension funds, sovereign wealth funds, endowments and other institutional asset owners are sitting on vast troves of data -- but extracting value from that data is more challenging than ever.

#AssetOwners #DataQuality

Technology costs in asset management have grown disproportionately, but McKinsey research finds the increased spending hasn’t consistently translated into higher productivity.
#AI #Fiance

We're in the FINAL WEEK for the European Women in Finance Awards nominations – don't miss your chance to spotlight the incredible women driving change in finance!
#WomenInFinance #FinanceAwards #FinanceCommunity #EuropeanFinance @WomeninFinanceM

ICYMI: @marketsmedia sat down with EDXM CEO Tony Acuña-Rohter to discuss the launch of EDXM International’s perpetual futures platform in Singapore and what it means for institutional crypto trading.
Read the full interview: https://bit.ly/45xRUWh

Load More

Related articles

  1. The ETF gives exposure to euro sovereigns through a climate transition-focused investment strategy.

  2. Pool tokens allow a range of already tokenised assets to be put together into a new token.

  3. This project in Hong Kong is a milestone for automating fund issuance & lifecycle management.

  4. The fund manager's compliant tokenization is mixed with Binance’s trading infrastructure & reach.

  5. The launch of Fidelity’s FDIT signals another step forward for tokenization.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.

Close the CTA