Bank of England sets out code of practice on electronic trading

Bank of England

A new voluntary code of conduct for electronic trading in the foreign exchange market set out by the Bank of England (BoE) has been well received by market participants, but questions have been raised about how it will interact with new trading regulations.

In its latest review of the Non-Investment Products (Nips) Code, published by the BoE's Foreign Exchange Joint Standing Committee (JSC) on November 15, the bank includes a new set of market conventions to define best practice in electronic tr

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