360T is second venue to demand FX code compliance

GFXC urges other platforms to follow suit, potentially making code adoption an entry ticket to FX markets

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360T will bar liquidity providers that have not signed the most recent version of the FX Global Code from making markets on its anonymous foreign exchange trading platform, echoing a move made by rival venue Cboe FX earlier this month.

The platforms’ policies are one answer to a long-standing question about how the code can be given teeth. Some critics have argued the market’s voluntary standards will ultimately have to be enforced via regulation.

Simon Jones, chief growth officer at 360T

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