Many firms not following global forex standards – RBA deputy governor

High-frequency trading

Conduct in the foreign exchange market has improved since the release of the global forex code, but many buy-side firms have still not embraced the new standards, says a senior regulator who heads the industry group responsible for overseeing it.

“It’s clear that work needs to be done to get greater adherence to the code amongst the buy side and to address some of the issues they’ve raised in their feedback on the code,” said Guy Debelle, chair of the Global Foreign Exchange Committee and

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