Follow ACI Danmark at LinkedIn here
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| ACI DEALING CERTIFICATE - ONLINE (4-day programe / May 25 - 28)
ACI DEALING CERTIFICATE - ONLINE (4-day programe / June 1 - 4)
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| You may find a up-to-date presentation of the ACI FMA Education programme and its global advantages below. |
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15 July 2021 - GFXC updates FX Global Code
The GFXC has completed its review of the FX Global Code, updating its principles of good practice in the foreign exchange market in several key areas. The Committee is also publishing templates for industry participants to use in improving disclosures and assisting with transaction cost analysis.
The GFXC's updates to the FX Global Code follow an extensive process of consultation with the foreign exchange committees around the world and a public request for feedback in April. Updates have been made to eleven of the Code's fifty-five principles and strengthen the Code's guidance on anonymous trading, algorithmic trading and transaction cost analysis, disclosures and settlement risk.
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What is the FX Global Code ?
This set of global principles of good practice in the foreign exchange market has been developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market (FX 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.
The Global Code 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.
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Corporate treasury engagement with the FX Global Code has been slow, unlike at banks and financial institutions.
Please check the link below to access a Refinitiv article, where Neill Penney (Managing Director and Co-Head of Trading) presents six compelling reasons why corporates need to sign up, including the benefit of more open and transparent FX trading relationships.
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On June 27th, in a joint collaboration with Refinitiv, ACI promoted "Why Should You Adhere to the FX Global Code?"
If you were able to attend this successful Webinar, we would like to thank you for joining us. For those that missed the live broadcast, you can get access or download the presentation, the webinar recording and additional exclusive materials on the following link:
http://solutions.refinitiv.com/FXGlobalCode_Webinar
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Den 22. september 2021 kl. 09:00 - 18:00 afholder ACI Forex Danmark årets 'Senior Management Forum' på Storebælt Sinatur Hotel.
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Den 3. marts 2021 kl. 16:30 – 17:30 afholder ACI Forex Danmark sit første online seminar for vores medlemmer.
Webinar med Lars Christensen “krypto og digitale-valutaer – Nu vil Centralbankerne også være med”
Read more
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KURSUSDAG OG FORÅRSSEMINAR
Read more
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Become an ACI Forex Danmark Member
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| If you want to become a new ACI member, you can sign up here |
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| Danish regulatory initiatives can been accessed at the Danish FSA (Finanstilsynet). |
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GFXC har opdateret FX Global Code
GFXC har afsluttet sin gennemgang af FX Global Code og opdateret principperne for god praksis på valutamarkedet inden for flere nøgleområder. Komitéen offentliggør også skabeloner, som markedsdeltagere kan bruge til at forbedre oplysninger og hjælpe med transaktionsomkostningsanalyse.
GFXC's opdateringer til FX Global Code følger en omfattende konsultationsproces med de lokale komiteer rundt om i verden og en offentlig anmodning om feedback i april.
Der er foretaget opdateringer til 11 af kodeksets 55 principper og styrker kodeksets vejledning om anonym handel, algoritmisk handel og analyse af transaktionsomkostninger, oplysninger og afviklingsrisiko.
Se mere på GFXC's hjemmeside.
Du kan finde den opdaterede FXGC her.
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Jørn "Luffe" Sodborg valgt som co-præsident for ACI FMA Europe
I en proces ledet af ACI FMA-præsident, Kim Winding Larsen, ansøgte kandidaterne Marc De Bosscher og Jørn Luffe Sodborg om den stilling, der var blevet åben siden Marc De Bosschers oprindelige periode som ACI FMA Europe co-præsident sluttede i maj 2021.
Den nyvalgte ACI FMA Europe co-præsident vil arbejde tæt sammen med Branko Petrovic, ACI FMA Europe co-præsident og respektere den struktur, der blev indført af ACI FMA Europe i begyndelsen af året, så de vil sammen definere de fremtidige strategier og aktioner for regionen.
Luffe overtager den nye rolle med virkning fra den 9. juni 2021.
Vi ønsker Luffe tillykke med valget.
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ACI Danmark er kommet på LinkedIn
Det er ofte hurtigere og nemmere at tilgå informationer i et feed end på en hjemmeside.
Vi har derfor oprettet en side på LinkedIn, som vi håber, at du som medlem finder nyttig.
Vi vil løbende sørge for, at der bliver slået relevante nyheder og informationer op.
Du kan finde vores side på LinkedIn her
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Introduction of ACI FMA and ELAC
You may find a short introduction to ACI FMA and ELAC here
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ACI FMA Remote Council Meeting, 17th June 2020
For the 1st time in ACI FMA's history and due to COVID-19 outbreak, the Council meeting was successfully held remotely.
The meeting took place last 17th of June, via video conference and was attended by more than 40 participants.
Read more here.
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GFXC Issues Statement on FX Market Conditions
Given the intense volatility seen in global financial markets this month, it is possible that FX market participants may execute larger than usual FX volumes during end-of-month benchmark fixings. In addition, FX market participants may face more operational constraints reflecting lockdown in some financial centres. In light of these possible developments, significant volatility and price movements may be observed during FX fixings in the coming days.
Read more here.
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Increased global turnover in kroner, but a smaller Danish foreign exchange market
In terms of turnover, the foreign exchange market is one of the world’s largest financial markets. An efficient foreign exchange market supports cross-border trade in goods, services and financial assets, which makes it essential for the economy, especially for an open economy such as the Danish. Therefore it is important to know how the foreign exchange market functions. Danmarks Nationalbank collects data for foreign exchange turnover from banks located in Denmark. Every third year, Danmarks Nationalbank provides data about trade in foreign exchange in Denmark for international statistics of turnover in the global foreign exchange market. These statistics are coordinated by the Bank for International Settlements.
Read more here.
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BIS Triennial Central Bank Survey
The 2019 survey provided new insights about the boost that electronification gave to trading in FX and OTC derivatives markets, and the role of compression and clearing in containing the growth of outstanding derivatives exposures.
Find the BIS Quarterly Review, December 2019 here.
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ACI has now launched the Syllabus for the ACI Diploma New Version.
This is an exam that reflects some differences when compared to the ACI Diploma (currently valid with the Syllabus published in September 2017).
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Excellent cooperation between ACI FMA Committees/Working Groups.
Following a joint cooperation between three of its Committees/Working Groups (Committee For Professionalism, Foreign Exchange Committee and Regulatory Working Group), ACI FMA has submitted a response to the ESMA Consultation Paper on the provisions of the Market Abuse Regulation (MAR), an European Union regulation that came into effect on 3 July 2016.
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Important Annoucement !
We are pleased to report that the Management Board through the Selection Committee is now ready to announce the successful candidate for the above captioned position to Council, after months of reviewing and interview.
The successful candidate is Mr. Kim Winding Larsen.
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ACI Danmark
The Financial Markets Association
1957
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