GFXC launches tool to spur buy-side adoption of FX code
Standard-setter aims to overcome “lukewarm” buy-side response with web-based prototype tool
The Global Foreign Exchange Committee (GFXC) has launched a web-based prototype tool designed to make it easier for buy-side firms to adopt the FX Global Code, which has so far received only “lukewarm” support from investors.
Richard de Roos, head of corporate and investment banking operations at Standard Bank and vice-chair of the GFXC, conceded that the code of conduct “can be quite overwhelming” for buy-side firms.
“To help enable easy adoption of the code among the buy side, yesterday we
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