Traders’ association believes lower court decision could spook banks, hike costs for transacting fixings and hit liquidity.
Wider impact: ACIFMA believes the Johnson case could have far-reaching implications for FX markets.
May 2018 – Basel: ACI Financial Markets Association (ACI FMA), the trade association representing around 9,000 financial market professionals, is launching a new online version of the FX Global Code Certificate on 25 May 2018.
ACIFMA’s E-Learning, Attestation and Certification (ELAC) Portal provides accredited and continuous professional development solution for LBMA members.
First major UK-based buy-side asset management firm to sign up to ACI FMA’s E-Learning, Attestation and Certification (ELAC) Portal.
In the run up to the May 2017 release of the FX Global Code, ACI FMA decided to retire the ACI Model Code. ACI FMA wholeheartedly welcomed the new FX Global Code. Through education, thought leadership and industry influence, ACI FMA will continue to assist its members – and the wider industry – to embrace the FX Global Code.
Regional Public Association of Financial Market Professionals ACI Russia – The Financial Markets Association presented the Russian language translation of the FX Global Code and announced its plan to create The Moscow FX Joint Standing Committee based on the Self-Regulatory Organization National Finance Association (“SRO NFA”). The new entity will be supported by Bank of Russia and participate in the activities of the Global FX Committee.
We agree that trading activity that utilises information from the trade request is inconsistent with good market practice. Furthermore we consider that such activity, when undertaken by market participants acting as principals as defined in Principle 8 of the GCC, is inconsistent with good market practice and thus the word “likely” should be removed.
As a leading foreign exchange centre, Singapore will want to play a key role in the adoption of the FX Global Code of Conduct, Jacqueline Loh, deputy managing director of the Monetary Authority of Singapore (MAS), told delegates at the 13th annual FX Week Asia conference.
At the recent ACI FMA Council meeting, held in Dublin, Ireland, the association’s representatives discussed its ongoing work in the areas of ethical conduct, education and networking.
A long-awaited code of conduct for foreign exchange traders has been published in a bid to restore trust in the world's $5tn-a-day currency markets, with major banks, asset managers and trading venues expected to commit to it.
Following the one-year anniversary of the FX Global Code, with immediate effect the ACIFMA has taken the decision to update the syllabus of the ACI FX Global Code Certificate and of the ACI Online FX Global Code Exam – adapting the suite of our behavioural examinations to allow for market practitioners to further demonstrate their awareness of the Codes’ principles.
Following the success of the newly-created ACIFMA FX Global Code Certificate, with immediate effect the ACIFMA have taken the decision to remove the code of conduct sections from its Dealing Certificate and Operations Certificate syllabuses – creating a discrete suite of standalone professional and behavioural examinations.
ACI Services Help Markets Adhere to New Code Principles
ACI Financial Markets Association (ACI), the global trade association representing the interests of the professional financial markets community, welcomes the publication today of the BIS Global Code of Conduct, which lays down overarching global principles of conduct that promote integrity and effective functioning of FX markets.
ACI America The Financial Markets Association, in partnership with Thomson Reuters, will host key central bank and market leaders, at the New York headquarters of Thomson Reuters on May 26th, 2016.
ACI Denmark announces the timetable for the Education Programme for 2016.
Choosing Egypt to be host is an international testimony to success of implemented financial, banking reforms, says Omar Khattab, President of ACI Egypt.
The 26th Annual Assembly of the ACI Slovenia Association was held from June 15th to 17th 2018 in Portorož. ACI Slovenia brings together 90 Slovenian foreign exchange traders and asset managers, operating under the umbrella of the international association ACI - The Financial Markets Association. The main goal of our association is the development of financial markets, the promotion of uniform market practice and the education of its members.
ACI Lebanon held an Ordinary General Assembly on 29th of November 2017 at the Queen's Plaza Center - Bauchrieh
On the 5th of July 2017, the ACI Lebanon Executive Committee visited H.E. Governor Riad Salamé, extending to him the congratulations of ACI Lebanon - which he presides over as Honorary President - for the renewal of his governorship for a new 6-year term.
ACI Slovenia organized its 25th Jubilee AnnualAssembly in Kranjska gora, from Friday 9th until Sunday 11th June 2017. The Assembly took place at Ramada Resort Hotel in Kranjska gora, where 101 delegates participated - including more then a third of participants from abroad. A new board was elected and Mr. Matevž Zbašnik from Banka Slovenije, handed over presidency to Mr. Matjaž Stritih, SID banka d.d.
ACI Russia Congress passed June 8, 2017, in the hotel Regis Nikolskaya. It was attended by more than 200 people. The main topic of the forum was the discussion of the FX Global Code, which was the result of a two-year work of representatives of central banks and leading market participants under BIS umbrella and was published in the final version on May 25, 2017.
At the recent ACI FMA Council meeting, held in Belgrade, Serbia last week, the association’s representatives discussed its ongoing work in the areas of ethical conduct, education and networking. Council approved the 2017 budget and received reports from its Working Groups and Committees. The group declared its unified support for ELAC, the ACI FMA’s eLearning, Attestation and Certification Portal (www.acifma.com/elac), and reiterated its intent to provide high standards for the professionalization of the wholesale financial markets.
European President, Bruno Langfritz, attended the first Trader's Day Event organised by ACI Portugal.