ACI-FMA president Bailey called for national regulators to adopt single code
A top foreign exchange and derivatives
trade body has launched a new code of conduct and called for
international co-ordination between national regulators to
ensure against abusive behaviour by bankers and traders.
ACI - Financial Markets Association
detailed on Thursday a new code comprising updated guidance on
last look practices, high frequency trading, aggregation, rate
setting, FX dark pools, and advice on best practice during
times of extreme market volatility, such as the excessive
trading after the Swiss National Bank’s removal of
a currency floor earlier this year.
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