FXPA Elects Officers

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.org, become an institutional member, sign up for our newsletter, FXPA globalFXsource.

Join FXPA by Feb 1 to Qualify for Time-Limited Membership Category

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

FXPA – A new force for advancing the interests of the FX Industry – By Adam Cooper, Chair, FXPA

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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FXPA Comments on FX Settlements

The Foreign Exchange Professionals Association (FXPA) supports fair, efficient and transparent markets in all aspects of price discovery, execution, and clearing. The smooth functioning of the global FX market is critical to the entire financial system. As an organization that was created to represent the breadth of the FX marketplace, including banks, buy-side firms, and end-users, we recognize the importance of ensuring the market’s integrity and credibility. The important thing to do now is for all participants to come together and work with regulators in the US and globally to ensure sound markets based on integrity.

Engagement with Regulators Critical, says FXPA

fxpa panelThe Foreign Exchange Professionals Association (FXPA) has warned that now is a critical time for the FX industry to enhance its engagement with regulators.

Representatives of the Foreign Exchange Professionals Association (FXPA), which announced its launch at Profit & Loss’ Forex Network Chicago event on September 25, stressed the importance of the industry being represented by one voice to regulatory bodies around the globe.
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