After a three-year review, the Global FX Code was updated in July 2021 to strengthen conduct standards and reflect changes in the FX markets.
Failing to adhere to the Code, can lead to severe penalties for both firms and individuals. Regulators and central banks in all major jurisdictions expect both buy-side and sell-side FX market participants to have committed to the Code. The Global Foreign Exchange Committee often carries out surveys to check how the Code has been implemented, including checking that committed companies are training their staff regularly on the principles.
This standalone module (taken from the full course: ICA Learning – Global FX Code – Conduct, Principles and Clarity) provides a step-by step journey through some of the more challenging/contentious areas of executing orders under the Global FX Code. Created by experts, it has been designed to deepen understanding of how you are expected to operate under the Code.
You will study this course in your own time and at your own pace, and you have up to 1 month to complete it.
This module looks at executing orders under the Code through the following topics:
- Order Handling
- Mark ups
- Last look
This course is self-paced with online gamified learning.
This short course is suitable for:
- Both regulated and unregulated firms who have adopted or are informally applying the Code.
- Compliance professionals, investment managers, asset managers or FX traders who want to ensure adherence or validate their knowledge.
Your understanding will be tested with quizzes throughout the course and will be awarded a certificate of completion once the course is complete.
Whilst the GTA facilitates the training for ICA qualifications, you need to enrol online directly with the ICA. Scroll down when you reach this page and enter Guernsey when it asks ‘Where are you based?’ You can then follow the process to enrol.