Advanced Markets Ltd, Australian Financial Services Licensee providing Institutional Liquidity as well as Prime of Prime services, has just announced that it has officially signed a statement of commitment to the FX Global Code of Conduct (the Global Code).
Advanced Markets is formally endorsing the Code’s standards to promote integrity, fairness and also transparency in the FX market. Because of that Advanced Markets Ltd has registered with The Australian Financial Markets Association (AFMA) in their public register supported by ACI Australia.
The Global Code, as stated in the document, “has been developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market (FX Market). It is intended to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of Market Participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behavior.”
Formally committing to the FX Global Code of Conduct was a logical step for Advanced Markets given that, since inception, the firm has continually operated under the guidelines laid out within the Code. We don’t need to change any aspect of the way in which we operate, it’s simply business as usual for us.”, stated Anthony Brocco, Advanced Markets’ founder and CEO.
“Full transparency and aligning interests with our clients have always been at the foundation of our business model.
You can find the code online here.