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Education

ACI DEALING CERTIFICATE - (4-day programme / November 5 - 8)
ACI DEALING CERTIFICATE - (4-day programme / June 9 - June 12)
ACI OPERATIONS CERTIFICATE - (2-day programme / June 15 - 16)
ACI DEALING CERTIFICATE - (4-day programme / November 10 - 13)

FX Global Code

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.

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


 
KURSUSDAG OG FORÅRSSEMINAR
Read more

ACI FOREX DANMARK  -  GENERAL ASSEMBLY -  DATE 19/9-2019

Læs referatet af generalsamlingen her


International Events


 
Events
ACI Council Meetings in Russia - Postponed 24-12-2019 00:41:09
ACI Council Meetings in Russia - Postponed rute.marques_8292 Tue, 12/24/2019 - 00:41

Following the recent COVID-19 pandemic and the drastic preventative measures taken by many countries, the ACI Management Board and ACI Russia have decided to postpone the ACI Spring Council and other planned meetings, initially taking place in Moscow during May 2020, to the 16th and 17th June 2020.

The Council Meeting will be virtual using video conferencing making it easier for Councillors to participate given the short notice.  

Further details will be provided closer to the date of the Council Meeting.

ACI Russia, will host the ACI Spring Meetings in 2021 and will work with ACI FMA in making this event a success, we will be counting on your support and participation.

We thank you for your understanding.

 

 

pre-booking
Teaser Image
ACI Council Meetings in Russia - Postponed
ACI Slovenia 28th Annual Assembly - Postponed 10-02-2020 22:49:24
ACI Slovenia 28th Annual Assembly - Postponed rute.marques_8292 Mon, 02/10/2020 - 22:49

ACI Slovenia is pleased to invite you to its 28th Annual Assembly, from 12 to 14 June 2020, at Hotel Jama, in Postojna, Slovenia (link: https://www.postojnska-jama.eu/en/hotel-jama/).

The invitation and further more detailed information will follow in due course. Please find below the draft programme:

Friday, 12 June 2020

16:00 Registration

19:00 Keynote Address

19:30 Annual Assembly of the ACI Slovenia

20:30 Dinner

Saturday, 13 June 2020

9:30 Various workshops and presentations

13:00 Lunch

17:00 Postojna cave visit

18:30 Social event

Sunday, 14 June 2020

9:00 Breakfast

11:00 Check Out

Start Date
12/06/2020
End Date
14/06/2020
pre-booking
Teaser Image
ACI Slovenia 28th Annual Assembly
Venue name
28th ACI Slovenia Annual Assembly
Event date
Location
Postojna, Slovenia
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

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 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