Thomson Reuters (NYSE:TRI) has signed a statement of commitment to the Global FX Code of Conduct (the Global Code), formally pledging adherence to the Code’s standards to promote integrity, fairness, transparency and the effective functioning of the global foreign exchange markets.
Thomson Reuters has played an active role in the development of the Global Code through its membership of the Market Participants Group and through participation in regional committees, including the London Foreign Exchange Joint Standing Committee, the Federal Reserve Bank of New York Foreign Exchange Committee, the Tokyo Foreign Exchange Market Committee, the Canadian Foreign Exchange Committee, and the Australian Foreign Exchange Committee.
As the largest trading venue in the foreign exchange market, we have always been committed to bringing greater transparency and efficiency to the market,” said Neill Penney, Global Head of Trading, Thomson Reuters. “By formally committing ourselves to the Global Code, we are upholding our commitment to support the industry’s move to be increasingly open, fair, and standards compliant. In addition, we continue to promote the code to our clients and to help them understand their specific responsibilities under the Global Code.
Thomson Reuters FX transaction venues facilitate an average of more than $400 billion per day in FX trading across all major currencies for market participants in over 120 countries. More than 20,000 traders from asset managers, banks, corporate treasurers and hedge funds use Thomson Reuters award-winning transactions platforms to trade in the FX market.