The FX 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 is developed by the Bank for International Settlements (BIS) together with 16 central banks and private sector participants, and the Code is maintained and updated by the Global Foreign Exchange Committee (GFXC).
The objective of the FX 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.
The FX 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 regulations by identifying global good practices and processes.
Please visit the GFXC website for more information: Global Foreign Exchange Committee (globalfxc.org)
Download the FX Global Code: https://www.globalfxc.org/fx_global_code.htm