Follow ACI Danmark at LinkedIn here
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| ACI OPERATIONS CERTIFICATE - ONLINE (2-day programme / November 10 - 11)
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The FX Global Code August 2018 (Global Code) is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market. It was developed by a partnership between central banks and Market Participants from 16 jurisdictions around the globe.
The purpose of the Global Code is 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.
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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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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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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. |
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. |
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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