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The Model Code - German version
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Update 1204 20120412_FX_Best_Practices_in_Operations_.pdf
Update 0904 20090407 Update on Appendix 6 - Main SWIFT Currency Codes => MNT and NGN
Update 0903 20090121 Update on Appendix 6 - Main SWIFT Currency Codes => SKK
Update 0902 20090108 Update on 8. Customer relationship, Advice and Liability
Update 0901 20090108 Update on 3. New Bank Holidays/Special Holidays/Market Disruption
The Model Code has been compiled in response to an urgent international need amongst dealers and brokers operating in the OTC foreign exchange, money and derivatives markets. The Committee for Professionalism (CFP) of ACI - The Financial Markets Association has become increasingly aware of this need through regular contact with its membership of over 24,000 dealers, brokers, middle and back office staff in over 80 countries.
Until recently, the syllabus for the Code of Conduct examination in the ACI Dealing Certificate recognised the Codes of Conduct of the four main centres: London, New York, Singapore and Tokyo in addition to the ACI's own Code. Candidates preparing for the examination were therefore obliged to undertake a long and arduous study of the provisions of all five publications.
Following a comprehensive review of the situation, the CFP concluded that, despite the existence of some difficult issues and of differences in structure, there was an urgent need for one international or global code that could cover the essential provisions of all five recognised publications.
The conduct and best practice recommended in the five codes is in general conformity and, with a few notable exceptions, the differences that do exist are mostly those of emphasis and scope. It was therefore felt that a Model Code embracing the main provisions of the recognised codes could serve as a valuable guide for the international dealing membership.
It would also serve as practical study material for junior dealers and, with an amended syllabus recognising the new structure, for examination candidates.
The need for a Model Code is more pronounced in many of the emerging markets where a professional code is lacking.
Background of the Model Code
The 21th Annual Assembly of ACI Slovenia - The Financial Markets Association will be held in the Bohinj Park Eco Hotel, Bohinj, from 14-16th June 2013.
More information is available on http://aci-slovenia.org
The 18th Annual Assembly of ACI Macedonia - The Financial Markets Association will be held in the hotel Montana Palace, Krusevo, from 10-12th May 2013.
More information will be available shortly in www.acimacedonia.org
Speaking at a Marcus Evans conference held in London Manfred Wiebogen, Hon Pres ACI, and Stephane Malrait, Chair of the ACI FX Committee, discussed at the “FX trading and Settlement operation” about the impact on CVA calculation in the Basel III environment.
Emmerging Market FX summit will brings together for the first time in London senior institutional traders from the buy side, banks, brokers and solution providers. EMFX will offer FX traders a unique opportunity to network and to learn about trading strategies and technology for buy side and sell side traders. EMFX will heavily focus on efficiently tradingin emerging economies and analyse how deep their liquidity is and how you can successfully enter these markets as a newcomer.Other topics that will be discussed will focus on adopting reliable and robust FX trading technology. ACI International, ACI FX Committee and ACI UK will support this new event to promote the FX Emerging market.