Category Archives: News

The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of Cantor Fitzgerald as the newest Supporting Member of the FX trade group. “The FXPA has proven itself a well-rounded platform for positive dialogue in an evolving marketplace. This maturation will pose both new challenges and opportunities and we’re excited to join such a uniquely well-positioned association in addressing them,” says James Reilly, Senior Managing Director, Global Head of Foreign Exchange Sales and Trading at Cantor Fitzgerald.
Read More

The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of Microsoft as the newest Advisory Member of the FX trade group. “We look forward to serving as an Advisory Member, helping shape dialogue with a broad spectrum of stakeholders in the industry to maintain a strong FX market,” says Tahreem Kampton, Senior Director, Microsoft. Read More

The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of FXSpotStream as the latest member of the FX trade group. FXSpotStream joins FXPA as an Associate Member.
“As a bank-owned consortium bringing greater transparency and efficiencies to the FX market, FXSpotStream is pleased to join the Foreign Exchange Professionals Association and support its goals of ensuring a sound, transparent and competitive marketplace,” says Alan Schwarz, CEO, FXSpotStream.
Read More

FX market makers need to review their existing practices around “last look” in order to protect themselves from regulatory investigations, according to legal experts that participated in a webinar on the “Implications of the Recent Last Look Settlements on Your Business”, hosted by the Foreign Exchange Professionals Association (FXPA) yesterday.
Read More

The Foreign Exchange Professionals Association (FXPA) has released the third in a series of educational papers it is producing to explain the many nuances of the FX industry. FXPA’s “Focus on Last Look” explains the origins and evolution of the practice, and its unique role in global currency markets. Read More

The Foreign Exchange Professionals Association (FXPA) held member events in New York and Singapore in recent months that brought together industry professionals and regulators for in-depth discussions around the topics of conduct and liquidity. Read More

Implications of the Recent Last Look Settlement on Your Business

Join the Foreign Exchange Professionals Association (FXPA) for a webinar on Tuesday, January 12, at 10am (Eastern)/3pm (GMT)/11pm (Asia), that looks at what the recent Last Look settlements mean and what you can do to safeguard your business: What are the key takeaways? What are some of the best practices now emerging? Are there public policy implications?
This webinar, hosted by the FXPA, features insights from Michael Miller and Jason Weinstein, partners at Steptoe & Johnson, which serves as outside counsel to FXPA, who specialize in white collar crimes, government investigations and matters relating to financial technologies. Plus, Chip Lowry, Chair of FXPA’s Policy Committee, will give an overview of the trade association’s release of a new paper on Last Look.
Agenda
I. Introduction by FXPA Policy Committee Chair Chip Lowry
A. What is Last look?
B. Where Does it Come From?
II. Recent Settlements
A. Key Takeaways
B. Emerging Best Practices?
C. Asymmetric Last Look?
III. Public Policy Implications
A. US – CFTC, SEC, NYDFS, etc.
B. EU & Asia
IV. Questions

Click here to register

Washington, DC: The Foreign Exchange Professionals Association (FXPA) is now offering additional institutional categories of membership effective January 1, 2016. The new Associate level categories are designed for smaller buy side and technology firms, as well as regional and private banks. Read More

The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of Thomson Reuters as a Full Member. “As a leading independent provider of FX transaction venues, Thomson Reuters actively supports cross-industry initiatives such as FXPA to ensure a sound, liquid, transparent and competitive FX market. Now more than ever, transparency and fairness are values that need to be upheld by everyone in the FX industry. Working closely with the FXPA group, Thomson Reuters will continue its work to help the industry raise standards across all areas of the market,” says Phil Weisberg, Global Head of FX, Thomson Reuters.
The addition of Thomson Reuters brings to 23 the number of institutional members now part of FXPA.
To find out how you can support the FX industry through education, research and advocacy, visit our website at www.fxpa.wpengine.com, become an institutional member, sign up for our newsletter, FXPA globalFXsource.

Members of the Foreign Exchange Professionals Association (FXPA) spent two days in Washington DC last month meeting with senior members of the Federal Reserve, US Treasury and Commodity Futures Trading Commission (CFTC), as well as held a series of educational briefings for Congressional staffers on such key committees as the House Financial Services Committee, both the House and Senate Agriculture Committees, and the Senate Banking Committee.
Read More