FX Global Code principles

The FX Global Code is a set of global principles of good practice for the FX market. It provides a common set of guidelines to promote the integrity and effective functioning of this vital part of the global financial system, with a turnover of more than USD7.5 trillion a day. It was developed through a partnership between central banks and market participants around the world. It promotes a robust, fair, liquid, open and appropriately transparent market participants can confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behavior. The FX Global Code is intended to serve as a supplement to any and all local laws, rules, and regulations by identifying global good practices and processes. It is maintained and updated by the Global Foreign Exchange Committee (GFXC).