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Education

ACI OPERATIONS CERTIFICATE – Online (4-day programme / 2-5 November) ACI OPERATIONS CERTIFICATE – Online  (4-day programme / 9-12 November)
ACI DEALING CERTIFICATE - Copenhagen – Rungstedgaard Hotel (5-day programme / 22-16 November) ACI DEALING CERTIFICATE - Copenhagen – Rungstedgaard Hote (5-day programe / 29 November - 3 December)
You may find a up-to-date presentation of the ACI FMA Education programme and its global advantages below.

FX Global Code

18 August 2021 - GFXC releases guidance paper on Last Look

The GFXC has released a guidance paper on 'last look' trading within the FX market. The GFXC is also strongly encouraging liquidity providers and platforms to provide information on their trading practices and operations, including for last look, by completing a Disclosure Cover Sheet.

Read more here.

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.

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.

Why treasurers should embrace FX Global Code

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.

27th June Webinar: Why Should You Adhere to the FX Global Code?

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

Events

Domestic Events


 

Indkaldelse til ordinær generalforsamling


ACI Forex Danmark indkalder til ordinær generalforsamling tirsdag d. 2. november 2021 kl. 17.00 på Hotel Villa Copenhagen

Se mere her



SAVE THE DATE - GENERALFORSAMLING 2021


Vi afholder ACI Danmarks årlige generalforsamling d. 2. november 2021. Som det var planen sidste år afholdes den på hotel Villa CPH.
 
Der er alt for længe siden, at vi har set hinanden, så denne gang giver vi den et ekstra nøk med spændende fagligt indslag, underholdning og efterfølgende socialt samvær
 
 
Sæt kryds i kalenderen. Officiel indbydelse følger senere.

Den 22. september 2021 kl. 09:00 - 18:00 afholder ACI Forex Danmark årets 'Senior Management Forum' på Storebælt Sinatur Hotel.
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

 


KURSUSDAG OG FORÅRSSEMINAR
Read more
 


International Events


 
Events
https://www.acifma.com/events

Become an ACI Forex Danmark Member

If you want to become a new ACI member, you can sign up here
Become an
ACI Member »

Regulatory

28 Jun 2021 - Årlig udpegning af SIFI-institutter
18 Jun 2021 - Finanstilsynet bakker op om anbefalingen af DESTR


 7 Jul 2020 - Årlig udpegning af SIFI-institutter
21 Nov 2019 - Risici ved overgangen til alternative referencerenter

28 Mar 2018 - Final resolution plans and MREL
19 Feb 2018 - EU authorities warn consumers about cryptocurrency

 


13 Nov 2017 - Statement : ICO
 


 

10 Nov 2016 - ESMA finalises advice for financial benchmarks
29 Sep 2016 - Technical standards under the benchmark regulation
26 Jul 2016 - Global principles of good practice
21 Jun 2016 - Afgørelse om yderligere likviditetskrav for danske SIFI’er
21 Jun 2016 - Notat om sanktioner af overskridelser af LCR m.m.
17 Jun 2016 - ESMA on disclosure of inside information etc.
27 May 2016 - ESMA on technical advice on benchmarks regulation
28 Apr 2016 - New rules to prevent manipulation of benchmarks
09 Mar 2016 - EU om objektiv fremlæggelse af investeringsanbefalinger
26 Feb 2016 - ACI FMA joins the BIS Single FX Code group
23 Feb 2016 - EU-wide stress testing 2016
15 Feb 2016 - Benchmarks Regulation
10 Feb 2016 - EU Comm. postpones date for the MiFID II package
28 Jan 2016 - Draft guidelines on the Market Abuse Regulation
25 Jan 2016 - EU Benchmarks Regulation

17 Dec 2015 - Guide for the assessment of knowledge and competence

03 Dec 2014 - Bekendtg. om tilsyn med fastsaettelse af referencerenter
01 Dec 2014 - Enhanced Benchmark for the Euromarkets
26 Nov 2014 - Reg. on retail and insurance-based investment products
31 Oct 2014 - Basel On Net Stable Funding
01 Oct 2014 - ACI IOSCO Response
01 Sep 2014 - Risk Mitigation re. Non-centrally Cleared OTC Derivatives
16 Apr 2014 - EUs forordning om markedsmisbrug


 
Danish regulatory initiatives can been accessed at the Danish FSA (Finanstilsynet).

News

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

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.

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

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.

 

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.

 

Release of the ACI Diploma New Version

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).

Update: ACI FMA Feedback on Market Abuse Regulation (MAR)


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.

New ACIFMA President Delegate

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.

https://www.acifma.com/news

ACI Danmark
The Financial Markets Association
1957