Latest News

5 July 2024

GFXC convened in Frankfurt to assess progress on the three-year review of the Code and examined potential modifications to further mitigate FX Settlement Risk, and enhance the transparency of FX transactions under delegated execution and on the use of client generated FX data. Read the Press Release.

06 February 2024

The results of the 2023 FX Global Code Survey aimed to measure the effectiveness of the Code have been published. Such results will assist the GFXC in deciding where to focus the 2024 review of the Code. Read more here.

05 December 2023

GFXC meets to assess the progress on Code adherence, discuss recent developments on accelerated securities settlement and its impact on FX markets, update efforts around FX settlement data, and prepare for the upcoming three-year review of the Code. Read the Press Release.

20 September 2023

The GFXC has launched the 2023 FX Global Code Survey  to measure the effectiveness of the Code as revised in July 2021 and its associated material. The information collected through the Survey will assist the GFXC in determining where to focus the next Code review.

About the GFXC

The Global Foreign Exchange Committee (GFXC) was established in May 2017 as a forum bringing together central banks and private sector participants with the aim to promote a robust, fair, liquid, open, and appropriately transparent Foreign Exchange (FX) market in which a diverse set of participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available information and in a manner that conforms to acceptable standards of behaviour.

Why is the GFXC important?

Mr Guy Debelle, former Chair of the GFXC, and other GFXC members and senior market participants explain the importance of the GFXC for the foreign exchange market and why adherence to the Code’s principles of good practice is vital to promote the effective functioning of the market. Learn more from GFXC members and senior market participants.

Mr Guy Debelle