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Market Conduct

We provide training on each of the industry codes:

  1. FX Global Code...

  2. Money Markets Code...

  3. Precious Metals Code...

These courses all focus on market conduct specific to each sector. We can also provide bespoke training on more general market conduct matters including identifying and reporting suspicious transactions through to market colour and soundings.

Below are details of the courses we provide. To obtain prices and availability please complete our training request form.

Background to the FX Global Code

The FX Global Code was published in August 2018 by the Global Foreign Exchange Committee (GFXC). The GFXC are a group of central banks and market participants who agreed common standards for those operating in the FX markets.

The FX Global Code is a voluntary market-led response to the various misconduct type issues in the FX markets that emerged during 2013 - 2014. Whilst it is a voluntary code, many regulators expect firms to be adhering to its principles of good practice.

Background to the Money Markets Code

The Money Markets Code was published in April 2017 by the Bank of England whose Money Markets Committee has endorsed the code. The code replaced the NIPs Code, the Gilt Repo Code, and the Securities Borrowing and Lending Code.

The Money Markets Code is a voluntary code although the Bank of England encourages market participants to adopt and follow the code.

Background to the Precious Metals Code

The Precious Metals Code was published in May 2017 by the London Bullion Market Association (LBMA). The code replaced the bullion annex of the NIPs code.

The Precious Metals Code is a voluntary market-led response to the 2014 Fair and Effective Markets Review. Whilst it is a voluntary code, members of the LBMA are expected to have attested their conformance to the code and regulators expect firms to be adhering to its principles of good practice.

 

Suggested Course Content

 

Introduction to the FX Global Code

This course is for FX market participants wanting to gain a deeper understanding of the delta required to commit to the Code and the benefits of doing so.

60 minutes

This training usually covers:

  • Background to the code

  • About the Code

  • Who the Code applies to

  • Regulatory status

  • The principles

  • What's involved in committing to the Code

  • Implementation challenges

FX Global Code, SMCR and Ethics

This course is a deep dive into the FX Global Code designed for sales and trading 

one or two days

Introduction to the Money Markets Code

This course is for FX market participants wanting to gain a deeper understanding of the delta required to commit to the Code and the benefits of doing so.

60 minutes

This training usually covers:

  • Background to the code

  • About the Code

  • Who the Code applies to

  • Regulatory status

  • The principles

  • What's involved in committing to the Code

  • Implementation challenges

Introduction to the Precious Metals Code

This course is for commodities market participants wanting to gain a deeper understanding of the delta required to commit to the Code and the benefits of doing so.

60 minutes

This training usually covers:

  • Background to the code

  • About the Code

  • Who the Code applies to

  • Regulatory status

  • The principles

  • What's involved in committing to the Code

  • Implementation challenges

Can't find what you were looking for?

Let us know and we can discuss tailoring a course just for you.

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