Category Archives: News

The Foreign Exchange Professionals Association (FXPA) supports the Final Report published by the Fair and Effective Markets Review (FEMR) today, which sets out 21 recommendations to help restore trust in the wholesale Fixed Income, Currency and Commodity (FICC) markets.

“FEMR’s Final Report provides a framework to move the FX industry towards a series of generally accepted standards globally. FEMR has taken an important and thoughtful step forward, one that has clearly been made after considerable consultation with a wide selection of market participants,” says FXPA. “The FXPA was formed to allow for a dialogue across a diverse group of market participants. We hope to be a useful partner in formulating solutions that will restore trust in the FX market, and advance a sound, liquid, transparent and competitive global currency market.”

“FXPA believes regulation must be coordinated so as to minimize chances of regulatory arbitrage. The FEMR recommendations around FX provide a foundation for a global conversation among all market participants toward this goal,” FXPA continues.

The Review was established by the Chancellor of the Exchequer and Governor of the Bank of England to help to restore trust in those markets in the wake of a number of recent high profile abuses.

WASHINGTON, DC, May 26, 2015 – The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of the Moscow Exchange (MOEX) as Full Members of the FX trade association.
“The Moscow Exchange is extremely honoured to have joined the Foreign Exchange Professionals Association. The FX industry is going through profound changes at present and we believe through the single voice and leadership of the FXPA we can build a better, more stable and more transparent market structure that will benefit all participants in the market. The Moscow Exchange brings more than 20 years of experience to the table in running centrally cleared FX cash and swap order books that typically trade over $25bln a day and we feel that joining FXPA is the best way we can share that knowledge with other market participants and regulators,” says Igor Marich, Managing Director, FX & Money Markets at Moscow Exchange.
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WASHINGTON, DC, May 21, 2015 – The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of EBS-BrokerTec onto the Founders’ Council.
“EBS has been a trusted partner to the global FX community for over 20 years, and it’s our pleasure to be a Founders Council member of FXPA. The group’s goal of ‘advancing a sound, liquid, transparent and competitive global currency market’ is achievable and we support them in these efforts,” says Gil Mandelzis, CEO of EBS-BrokerTec.
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WASHINGTON, DC, February 13, 2015 – The Foreign Exchange Professionals Association (FXPA) held elections on February 10 for its first permanent Board of Directors and Officers. The new FXPA Executive Committee includes: Chair Eric Busay, Portfolio Manager, CalPERS; Vice Chair Adam Cooper, Senior Managing Director and Chief Legal Officer of Citadel LLC; Treasurer Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group; and Secretary William K. Goodbody, Jr, Managing Director, COO & Head of Sales of KCG Hotspot.
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The Foreign Exchange Professionals Association (FXPA) held elections yesterday for its first permanent Board of Directors and Officers. The new FXPA Executive Committee includes: Chair Eric Busay, Portfolio Manager, CalPERS; Vice Chair Adam Cooper, Senior Managing Director and Chief Legal Officer of Citadel; Treasurer Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group; and Secretary William K. Goodbody, Jr, Managing Director, COO and Head of Sales of Hotspot.

The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of the Intercontinental Exchange (ICE) onto the Founders’ Council. “We are pleased to join FXPA and look forward to working with its members to support policies for a transparent and efficient market that allows participants to effectively manage currency risks,” says Intercontinental Exchange Chief Strategy Officer David Goone.
The addition of ICE brings to 20 the number of institutional members now part of FXPA, which is due to hold elections this afternoon.
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.

The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of two new institutional members: Hotspot and Integral Development Corp have joined ahead of the Feb 10 Board and Officer elections.
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The special founding member category of the Foreign Exchange Professionals Association (FXPA) will close on February 1. Join today to be part of the first wave of founding members that enjoy the distinct benefits that this class offers.
FXPA recently crossed the critical threshold of 15 members, triggering elections for the first permanent Board of Directors and Officers. FXPA’s Board will include 50% representation by Founding Members that join prior to the February 1 deadline. Read More

The FX market stands at a critical juncture as technological innovation, new competitive forces, and an evolving market structure and regulatory framework redefine the FX landscape. While financial market regulatory reforms introduced in the wake of the financial crisis generally did not encompass the FX market, new requirements have and will be applied to certain FX activities.
More recently, investigations and settlements related to the alleged manipulation of benchmark FX rates have heightened public scrutiny of the FX marketplace. Against this collective backdrop, the Foreign Exchange Professionals Association (FXPA) was formed by a diverse group of FX market participants to provide a unique contribution to the public dialogue.
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WASHINGTON, DC, December 8, 2014 – The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of five institutional members. Bloomberg Tradebook Services, Cürex, FastMatch, Nasdaq and Singapore Exchange (SGX) have joined FXPA’s Founders’ Council and become members of the initial Board of Directors.
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