On 10 July 2019, the GFXC released further detail from its 22 – 23 May meeting during which the committee discussed its mandate to consider the case for a comprehensive review of the FX Global Code (Code) at least every three years.
The GFXC also announced that Neill Penney, managing director and co-head of trading at Refinitiv, has been selected as co-vice chair for a two-year term.
Furthermore the GFXC released materials from its last meeting, including a new illustrative example on “cover and deal” trading activity and a presentation on “flash crash events” in foreign exchange markets. It also released a set of tools to help facilitate buy side adoption of the Code, which included a gap analysis template, a presentation to help promote greater understanding of the Code among buy side firms, and a standalone road map to adherence for buy side firms.