The Global Foreign Exchange Committee 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.
The FX Global Code is a set of global principles of good practice in the foreign exchange market... READ MORE
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
The GFXC completed the first 3 year review of the FX Global Code with the publication of the updated Code on 15 July 2021 , alongside new templates for disclosures and guidance papers on pre-hedging and last look . Read the summary of the outcomes of the review.
15 April 2024
The GFXC is pleased to announce that Mr. Stuart Simmons, Head of Multi-Asset Solutions at QIC, has been selected as Co-Vice Chair of the GFXC for a two-year term. Mr. Simmons's career extends 24+ years in the FX industry, comprising a handful of financial institutions in two continents. He also stands out for his contributions to several GFXC initiatives, including the Proportionality Self-Assessment Tool, the guidance paper on Pre-Hedging, and diverse outreach activities to promote the adoption of the FX Global Code. The GFXC is privileged to have him on board, and believes that his appointment will contribute significantly to the continued success of our activities.
6 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 .
5 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 .
