Saxo Bank believes that a well-functioning FX market is in the interest of all participants. The Code sets out the principles and best practices which provide a common set of guidance to the market, including areas where there recently have been degrees of uncertainty about which practices are deemed acceptable.

Please see Enhanced Disclosure here: home. Saxo Bank believes that open and transparent markets, coupled with a full alignment of interest between providers and clients, offer a real opportunity for differentiation between brokers. To this end, Saxo has continuously led the way in introducing greater transparency and efficiency to FX trading.

In November , it implemented Order Driven Execution for FX Spot, FX Forwards and CFDs, which provides clients with robust order handling through increased liquidity, transparency and control, with potential price improvements on every trade.

Saxo has also taken the initiative to publicise a comprehensive order execution policy to describe in detail how it executes orders on behalf of its clients, as well as publish order execution statistics to help clients make the best choice when choosing a broker. Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services.

Saxo enables private clients to trade more than 35, instruments from one single margin account. The desire of market participants to embrace best practice is shown by how widely adoption has spread, with over statements of commitment made to the FX Global Code and over to the UK Money Markets Code.

But we still have further to go — particularly amongst the asset management community. It confirms that the Code, whilst voluntary, should be supported and adhered to by all market participants.

• Central banks launch forex market code of conduct.
• forex mega email.
• HotForex Latest Analysis?
• forex warning;
• Leverage our market expertise.
• What makes the FX Global Code unique?.
• The FX Global Code to affect foreign exchange??

By doing so, all firms can now demonstrate to customers and regulators that they are conducting their business in line with the highest professional standards. In writing the Code, members of the Committee brought together the views of those active in these markets as to what best practice looked like.

FCA Recognition is helpful in providing further assurance of fairness and transparency for all. I welcome this decision and encourage all market participants to sign up to the Code.

Related Definitions

View more Other news. Would you like to give more detail? Press Spacebar or Enter to select. Our use of cookies We use necessary cookies to make our site work for example, to manage your session.

Necessary cookies Analytics cookies Yes Yes Accept recommended cookies Yes No Proceed with necessary cookies only Necessary cookies Necessary cookies enable core functionality on our website such as security, network management, and accessibility. Analytics cookies We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. Confidential Information - Market Participants need to ensure employees are not passing information that has not been made public.

Complete and Accurate Data - Market Participants are expected to ensure employees are not passing information that has not been made public.

Measure and Monitor - Market Participants are expected to promote and maintain a robust control and compliance environment to effectively identify, measure, monitor, manage, and report on the risks associated with their engagement in the FX Market.