As a set of global principles of good practices for the FX Market,
the FX Global Code has been developed by Market Participants
from all sectors to industry, and it aims to provide common
guidelines that promote the integrity and effective functioning
of this Market.
It is intended to promote a robust, fair, liquid, open, and
appropriately transparent market in which a diverse set of
Market Participants, supported by resilient infrastructure, are
able to confidently and effectively transact at competitive prices
that reflect available market information and in a manner that
conforms to acceptable standards of behaviour.
Initially launched in May 2017, then updated in July 2021 and in
December 2024, the FX Global Code is managed by the Global
Foreign Exchange Committee and does not impose legal or
regulatory obligations on Market Participants nor does it
substitute for regulation, but rather it is intended to serve as a
supplement to any and all local laws, rules, and regulation by
identifying global good practices and processes, as well as the
highest standards of ethical and professional behaviour.