Knowledge HubOther ResourcesUncategorizedBank of International Settlements leaning on buy-side to adopt FX Global Code and TCA’s implicit role:

January 30, 2020by John Galanek

The Central bank umbrella group, the Bank for International Settlements (BIS), on Thursday called for more players in the $6.6 trillion a day global currency market to adopt the FX global code, as some major participants have yet to do so.

The code is a set of good market practices for the global foreign exchange market. Adherence requires efforts to achieve FX best execution.  FX TCA provides Asset Owners & Investment Managers with the tools to measure & monitor their FX costs assuring compliance to the code.

 

https://finance.yahoo.com/news/bank-international-settlements-calls-wider-070236372.html