Equiti Capital Has Agreed To Sign The FX Global Code Of Conduct

The FX Global Code of Conduct is a set of guidelines for ethical and professional behavior in the foreign exchange market. It was developed by the central banks of several countries, in consultation with the private sector, to promote transparency and fairness in the market. The Code sets out 55 principles in areas such as ethics, transparency, and market conduct, and is intended to serve as a benchmark for best practices in the industry. The Code is voluntary and non-binding, but participants in the FX market are encouraged to adopt its principles in their dealings. The aim is to enhance confidence and stability in the FX market and support its role in serving the broader global economy.

Following the adoption of the Code of Conduct by several central banks, including the Bank of England, as well as other major players in the FX markets such as banks, buy-side market participants, and non-bank liquidity providers, Equiti has taken the appropriate steps to align its activities to adhere to the Code's principles.

“Signing the FX Global Code of Conduct supports Equiti's client-focused approach to liquidity provision in the FX market.” said Benedict Sears, Head of Equiti's FX Agency Desk and Group Head of FX and PM Liquidity.

The Code offers a framework for evaluating execution options and helps customers understand what to expect from counterparties and liquidity providers, a premise that Equiti fully supports.

“We encourage more trading counterparties and market participants to adopt the Code to contribute to a robust global financial market.”

To further inculcate the highest industry standards throughout the Group, all worldwide entities within the Equiti Group will likewise adopt the Code's principles. Working within a solid governance framework, collaborating with authorities, and implementing global best practices are all important components of Equiti's business strategy.

The purpose of the FX Global Code of Conduct is to promote ethical and professional behavior in the foreign exchange market. It provides a set of guidelines for market participants, including central banks and private sector participants, to follow in their dealings. The Code aims to enhance transparency and fairness in the FX market, promote stability, and support its role in serving the broader global economy. By adhering to the principles outlined in the Code, market participants can improve the integrity and functioning of the FX market and increase confidence among market participants and the wider public.About Equiti Group

Equiti Capital is a financial services company that provides investment management and trading services to individuals and institutional clients. The company offers a range of products and services, including forex trading, CFD trading, and managed account services. Equiti Capital is regulated by financial authorities in multiple jurisdictions, ensuring that it operates in accordance with strict standards of transparency, reliability, and security.

It has local offices throughout Europe, the United Kingdom, the Middle East, the Americas, Africa, and Asia Pacific, and offers trading support and services on the world's top trading platforms, MT4 and MT5.

Install the WikiFX App on your smartphone to stay updated on the latest news.

Download link: https://www.wikifx.com/en/download.html？source=fma3