FXPA Statement on ‘Brexit’

The Foreign Exchange Professionals Association (FXPA) commends the industry for its preparations ahead of Britain’s referendum on whether to Leave or Remain in the European Union, which resulted in the relatively smooth functioning of currency markets in the initial hours and days after the polls closed.
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FXPA Comment on Release of the Global Code

The Foreign Exchange Professionals Association (FXPA) is in full support of the first phase of the Global Code of Conduct for the Foreign Exchange Market, which was published this morning following a meeting of the Global Foreign Exchange Committees in New York.

“The Foreign Exchange Professionals Association (FXPA) praises the global coordination and work of the Bank for International Settlements’ Foreign Exchange Working Group in strengthening global standards for those operating in the FX market. This has been an enormous undertaking, done at a tremendous pace, and FXPA welcomes today’s release of the Global Code and will support the adoption of its principles,” says FXPA in a statement.

According to the Bank for International Settlements (BIS), the Foreign Exchange Working Group (FXWG) was established to strengthen code of conduct standards and principles in FX markets. The working group, which operates under the auspices of the Markets Committee, is headed by Guy Debelle (Reserve Bank of Australia), Chairman of the Markets Committee.

FXPA Chair Lowry, Vice Chair Sigelbaum Speaking at Forex Network London

Chip Lowry, chairman, and Jill Sigelbaum, vice chair, of the Foreign Exchange Professionals Association (FXPA) will be speaking at Profit & Loss Forex Network London next Thursday, April 14. Lowry will discuss the FX trade association’s mission and activities to date, as well as take a look at a number of developing and ongoing trends in the market during a one-on-one interview with David Clark, chairman of the Wholesale Markets Brokers’ Association (WMBA).
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FXPA Elects New Officers, Board Members

The Foreign Exchange Professionals Association (FXPA) is pleased to announce the election of Chip Lowry, Senior Managing Director of State Street Global Markets, as Chair, and Jill Sigelbaum, EVP and Global Head of Foreign Exchange at Traiana, as Vice Chair. FXPA also approved a slate of nine candidates to the 2016 Board of Directors.
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FXPA Welcomes Cantor Fitzgerald as Supporting Member

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.
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FXPA Welcomes Microsoft as Newest Member

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