Equiti Capital, the UK subsidiary of Equiti Group, announced on Tuesday that it had signed the Statement of Agreement to the FX Global Code of Conduct. It will ensure that the company will follow specific standards of good practices while operating in the wholesale FX market.
“Signing the FX Global Code of Conduct
FX Global Code of Conduct
The FX Global Code of Conduct outlines an accepted set of global principles of good practice in the forex market. Published in August 2018, the Code helped develop a common set of guidelines to foster the integrity and effective functioning of the wholesale forex market.The effort spanned multiple years and was developed by a partnership between both central banks and market participants across 16 global jurisdictions.Why the FX Global Code of Conduct is a Global Collaboration In particular, the
The FX Global Code of Conduct outlines an accepted set of global principles of good practice in the forex market. Published in August 2018, the Code helped develop a common set of guidelines to foster the integrity and effective functioning of the wholesale forex market.The effort spanned multiple years and was developed by a partnership between both central banks and market participants across 16 global jurisdictions.Why the FX Global Code of Conduct is a Global Collaboration In particular, the
Read this Term supports Equiti’s client-focused approach to liquidity provision in the FX market. The Code provides a framework to evaluate execution choices and helps clients know what to expect from counterparties and liquidity providers, a principle fully supported by Equiti,” said Benedict Sears, Head of Equiti’s FX Agency Desk and Group Head of FX and PM Liquidity.
The BIS Foreign Exchange Working Group first published the FX Global Code of Conduct on 25 May 2017. It aims to provide a standard set of guidelines to promote the integrity and effective functioning of the wholesale FX market.
Equiti Capital has joined the likes of central banks and other major FX market participants, like banks, buy-side
Buy-Side
The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim
The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim
Read this Term market participants, and non-bank liquidity providers, to follow the FX Global Code of Conduct.
The company highlighted that its decision to adhere to the principles of the Code was pushed by the size and complexity of its activities and the nature of its engagement in the FX market.
“We encourage more trading counterparties and market participants to adopt the Code to contribute to a robust global financial market,” Sears said. “Operating within a strong governance framework, working with regulators, and applying global best practices have always been – and will continue to be – a key part of Equiti’s business model.”
Check out the FMLS22 interview with Equiti’s CEO, Iskandar Najjar.
A Growing Broker
Meanwhile, Equiti also strengthened its European operations by obtaining a Cyprus Investment Firm (CIF) license last year. It also opened a new local Cyprus office that was established as a part of its “global growth strategy.” It now operates ten offices in Europe, the UK, the Middle East, the Americas, Africa, and the Asia Pacific.
The FCA-regulated arm of the Equiti Group also doubled its profits to $3.7 million in 2021, only a year after the figure had already tripled. It generated a profit of $32.53 million that year, a jump of 5 percent.
Equiti Capital, the UK subsidiary of Equiti Group, announced on Tuesday that it had signed the Statement of Agreement to the FX Global Code of Conduct. It will ensure that the company will follow specific standards of good practices while operating in the wholesale FX market.
“Signing the FX Global Code of Conduct
FX Global Code of Conduct
The FX Global Code of Conduct outlines an accepted set of global principles of good practice in the forex market. Published in August 2018, the Code helped develop a common set of guidelines to foster the integrity and effective functioning of the wholesale forex market.The effort spanned multiple years and was developed by a partnership between both central banks and market participants across 16 global jurisdictions.Why the FX Global Code of Conduct is a Global Collaboration In particular, the
The FX Global Code of Conduct outlines an accepted set of global principles of good practice in the forex market. Published in August 2018, the Code helped develop a common set of guidelines to foster the integrity and effective functioning of the wholesale forex market.The effort spanned multiple years and was developed by a partnership between both central banks and market participants across 16 global jurisdictions.Why the FX Global Code of Conduct is a Global Collaboration In particular, the
Read this Term supports Equiti’s client-focused approach to liquidity provision in the FX market. The Code provides a framework to evaluate execution choices and helps clients know what to expect from counterparties and liquidity providers, a principle fully supported by Equiti,” said Benedict Sears, Head of Equiti’s FX Agency Desk and Group Head of FX and PM Liquidity.
The BIS Foreign Exchange Working Group first published the FX Global Code of Conduct on 25 May 2017. It aims to provide a standard set of guidelines to promote the integrity and effective functioning of the wholesale FX market.
Equiti Capital has joined the likes of central banks and other major FX market participants, like banks, buy-side
Buy-Side
The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim
The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim
Read this Term market participants, and non-bank liquidity providers, to follow the FX Global Code of Conduct.
The company highlighted that its decision to adhere to the principles of the Code was pushed by the size and complexity of its activities and the nature of its engagement in the FX market.
“We encourage more trading counterparties and market participants to adopt the Code to contribute to a robust global financial market,” Sears said. “Operating within a strong governance framework, working with regulators, and applying global best practices have always been – and will continue to be – a key part of Equiti’s business model.”
Check out the FMLS22 interview with Equiti’s CEO, Iskandar Najjar.
A Growing Broker
Meanwhile, Equiti also strengthened its European operations by obtaining a Cyprus Investment Firm (CIF) license last year. It also opened a new local Cyprus office that was established as a part of its “global growth strategy.” It now operates ten offices in Europe, the UK, the Middle East, the Americas, Africa, and the Asia Pacific.
The FCA-regulated arm of the Equiti Group also doubled its profits to $3.7 million in 2021, only a year after the figure had already tripled. It generated a profit of $32.53 million that year, a jump of 5 percent.
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