The FX Working Group (FXWG), put together by the Bank for International Settlements, has today released the first stage of the new Global Code of Conduct.
- Global Code: It Will Have Teeth – Profit & Loss
- Q&A: How to act like an ethical FX trader – FT (subscription)
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.
G7 leaders warned on Friday that a British vote to leave the EU next month would seriously threaten the world economy, as they promised “more forceful” policies to boost global growth but papered over differences about fiscal stimulus.
Japanese Prime Minister Shinzo Abe will postpone a sales tax hike planned for next year, perhaps by as much as three years, government sources say, a move he will justify as part of G7 efforts to avert another global financial crisis.
Bill Shorten, the leader of Australia’s main opposition Labor party, described some of Donald Trump’s views as “barking mad,” earning a rebuke from Prime Minister Malcolm Turnbull for interfering in U.S. politics.
Profit & Loss readers cast record numbers of votes for their preferred market makers and service providers this year, and award winners were on hand to collect trophies at the Profit & Loss Hall of Fame & FoXy’s Readers’ Choice Awards luncheon earlier today.
José Mourinho will take over as manager of Manchester United from the 2016/17 season, signing a three-year contract with an option to stay at the club until at least 2020.
Barack Obama has arrived in Hiroshima to become the first serving US president to visit the Japanese city since the 1945 nuclear bombing.
Apple has had a significant hand in pushing the media industry into the digital age. Now, the technology group is trying to find a way to get far more deeply involved in the business itself.
Swift, the payment messaging company that handles trillions of dollars of transfers for banks every day, is muscling up on its cyber security after news of a number of breaches rocked financial institutions across the world.
Snapchat has raised $1.8 billion in a funding round that is likely to make it the world’s fifth most valuable so-called unicorn.
The Friday before Memorial Day weekend is typically dead on Wall Street. The bond market shuts early and trading in stocks slows to a trickle as everyone hightails it out of town.
A continued strengthening in US economic data could clear the way for a second increase in short-term interest rates “fairly soon,” a senior Federal Reserve policymaker has said, as speculation intensifies about the outcome of this summer’s rate-setting meetings.
Investors appear to have concluded that the U.K. will vote to stay in the European Union in June, leaving them exposed to steep losses should Britain elect to leave.
One of the six principles in the first release of the FX Global Code covers information sharing.
The US Commodity Futures Trading Commission (CFTC) announced today that it has issued Orders of Registration to three Swap Execution Facilities (SEFs), granting them fully registered status with the CFTC.
The Financial Conduct Authority (FCA) has today sent an email to all firms carrying out currency transfer services explaining that some firms may be marketing their services in a misleading way.
The Commodity Futures Trading Commission (CFTC) has granted formal registration to a trading platform that was an early entrant in the market for bitcoin financial derivatives.