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News

2013



  • May 6 - ISDA offers Derivatives/FX Prime Brokerage Business Conduct Allocation Protocol. The Protocol Annex, developed with the FXC and FMLG, provides for the allocation of business conduct responsibilities in prime brokerage arrangements as permitted by CFTC No-Action Letter No. 13-11.

  • April 26 - The FXC held an all-day forum on the Dodd-Frank Act and the Foreign Exchange Market. Materials available here.

  • February 15 - FXC/FMLG issue market practice for trade reporting of prime brokerage trades


2012

2011

2010

2009

2008

  • July 28 - FXC releases the results of its eighth Survey of North American Foreign Exchange Volume
  • July 11 PDF - FXC Press Release regarding new Pakistani Rupee and Vietnamese Dong rate source definitions published by the FXC, EMTA and ISDA, effective June 25, 2008
  • July 11 PDF - New Pakistani Rupee and Vietnamese Dong rate source definitions published by the FXC, EMTA and ISDA, effective June 25, 2008
  • July 11 PDF - Second Addendum to 2004 Asian Currency Non-Deliverable FX Documentation: PKR/USD Non-Deliverable FX Documentation and VND/USD Non-Deliverable FX Documentation, effective July 14, 2008
  • May 16 - The FXC Announces the Release of 2008 Version of Guidelines for Foreign Exchange Trading Activities
  • May 16 - Updated Version of the Guidelines for Foreign Exchange Trading Activities
  • March 25 PDF - FXC, EMTA, and FX JSC issue Practice Notes to the Multilateral Master Confirmation Agreement for Non-Deliverable Forward FX Transactions
  • January 28 - FXC releases the results of its seventh Survey of North American Foreign Exchange Volume

2007

2006

2005

2004

  • December 30 - Amended Turkish Lira Rate Source Definition Announced by EMTA, ISDA, and the FXC effective as of January 1, 2005
  • December 16 - FXC and ISDA File Amicus Brief in the Jugobanka Case
  • December 7 - Joint FXC and JSC Statement Regarding the Turkish Lira Conversion
  • November 8 - 2004 Version of Foreign Exchange Transactions: Execution to Settlement, Recommendations for Nondealer Participants.
  • November 5 - The FXC Announces the Release of 2004 Version of Management of Operational Risk in Foreign Exchange
  • November 5 - 2004 Version of Management of Operational Risk in Foreign Exchange
  • November 1 - The FXC, EMTA, and SFEMC Announce Updated Documentation for Non-Deliverable Foreign Exchange Transactions for Six Asian Currencies
  • November 1 - EMTA, ISDA, and the FXC Announce Amended Rate Source Definitions for Six Asian Currencies, effective as of December 1, 2004
  • September 28 - The FXC Addresses Letter to Market Participants Regarding CLS Bank's Trade Confirmation Initiative
  • July 13 - Remarks by FXC Chairman Mark Snyder before the FX Week Congress: "Ethics, Best Practices and Self-Regulation: A Crossroads for the Global Foreign Exchange Market"
  • July 13 - The FXC Addresses Letter to Market Participants Regarding the Use of Points to Resolve Disputes.
  • July 13 - 2004 Changes to the Guidelines for Foreign Exchange Trading Activities.
  • July 13 - Updated Version of the Guidelines for Foreign Exchange Trading Activities.
  • March 8 - Compendium of Amendments To Annex A to the 1998 FX and Currency Option Definitions.
  • February 23 - FXC Addresses Letter to Market Participants Regarding the Practice of Issuing Authorization Letters
  • February 18 - Amended Brazilian Rate Source Definition Announced by EMTA, ISDA, and the FXC, effective as of March 1, 2004.
  • February 17 - FXC and SFEMC Address Joint Letter to Market Participants Regarding Risks Associated with Trading on an Unnamed Basis
  • January 12 - FXC Announces the Appointment of State Street's Mark Snyder to the Position of Chairman

2003

  • December 2 - Amended Korean Won Rate Source Definition Announced by EMTA, ISDA, and the FXC.
  • December 1 - FXC expresses deep concern about recent charges alleging criminal behavior by individuals in the foreign exchange market and resolves to continue its work to preserve a fair, transparent, and efficient marketplace.
  • May 5 - FXC Invites FX Market Community to participate in June forum on Management of Operational Risk in Foreign Exchange.
  • April 2 - Master Agreement Supplement for Non-Deliverable Forwards
  • March 31 - FXC releases 2003 version of Management of Operational Risk in Foreign Exchange
  • March 3 - Amended Taiwanese Dollar Rate Source Definition Announced By ISDA, EMTA and the FXC.
  • March 3 - The FXC Comments on Trading Foreign Exchange on an Unnamed Basis.
  • January 31 - FXC Addresses Letter to Market Participants Regarding Risks Associated with Trading On an Unnamed Basis.
  • January 9 - FXC recommends the use of a master agreement addendum for NDFs to minimize operational risk associated with NDF confirmations.

2002

  • December 20 - New and Amended Argentine Peso Rate Source Definitions Announced By EMTA, ISDA and the FXC.
  • November 6 - FXC Endorses the Joint Standing Committee's Proposed Changes to the NIPS Code Regarding Trading with Unnamed Counterparties.
  • October 30 - Committee Introduces Changes to the Guidelines for Foreign Exchange Trading Activities
  • October 21 - FXC submits comments on the Draft Interagency White Paper on Sound
    • Practices to Strengthen the Resilience of the U.S. Financial System.
  • June 7 - FXC comments on the SIA's Whitepaper on cross border related to T+1 settlement for U.S. securities.
  • April 18 - The Committee Supports EMTA's Efforts to Generate a New Methodology for Settling NDFs in the Event of an Unscheduled Market Holiday
  • February 26 - FX Committee sponsors Electronic Trading Forum

  • January 8 - FXC statement on NDF transactions involving the Argentine peso

2001

  • November 30 - Supplementary Guidance on Electronic Validations and Confirmation Messaging
  • November 23 - Foreign Exchange Committee offers Supplementary Guidance for Market Disruptions.
  • November 15 - The FXC Offers Recommendations on Contingency Planning
  • September 14 REVISED - SFEMC statement regarding the treatment of the Taiwan dollar fixing rate for September 12, 2001.
  • September 1 - An updated version of the "Guidelines for Foreign Exchange Trading Activity"
  • July 10 - EMTA, ISDA and the FX Committee announce new and amended Argentine Peso Rate Source Definitions to Annex A effective as of July 10, 2001.
  • June 20 - EMTA, ISDA and FX Committee announce addition of new Korean Won rate source definitions to Annex A.
  • June 6 - The FX Committee concurs with changes in definitions for SWIFT confirmation messages.
  • February 2 - Bank Indonesia has recently announced certain restrictions with regard to foreign exchange transactions involving the Indonesian rupiah.
  • January 23 - A NEW and UPDATED version of the "Guidelines for Foreign Exchange Trading Activity"

2000

  • December 15 - The Committee and the Singapore Committe suggest changes in the SWIFT confirmation messages.
  • December 11 - The Emerging Markets Trading Association (EMTA) has been working with the industry on resolving NDF issues and has recently published a number of suggested new best practices. These best practices can be found on EMTA's web site. Also available on the site is a summary of EMTA's current efforts to resolve the remaining open issues on NDF practices.
  • September 28 - The FX Committee recommends the use of two new templates (1) the Knock-Out/Knock-In Barrier Option and (2) the Binary Option Template
  • September 22 - ISDA, EMTA, and FX Committee Announce Website Publication of Revised Annex A to 1998 FX and Currency Option Definitions
  • September 22 - Revised Annex A to 1998 FX and Currency Option Definitions, effective September 25, 2000
  • July 18 - Committee Joins with Other Industry Groups to Support Provisions of H.R. 4541
  • June 1 - FX Committee releases 1999 Collateral Annex to FEOMA, IFEMA, ICOM Master Agreement
  • May 30 - Industry Statement on Legal Certainty Provisions of Ewing Bill
  • March 14 - EMTA, ISDA and FX Committee announce addition of new Brazilian Real rate source definition.
  • February 17 - FXC announces new set of best practices for the barrier option market.
  • February 17 - Cross Product Master Agreement and Guidance Notes

1999

  • December 2 - FXC issues revised Force Majeure provisions for standard currency trading agreements.
  • November 18 - The ACI--the Financial Markets Association has endorsed the Committee's recent paper, Y2K: Best Practices in the Foreign ExchangeMarket. The ACI thus joins a number of other global organizations supporting the document.
  • October 20 - Foreign Exchange Transaction Processing: Execution to Settlement, Recommendations for Nondealer Participants
  • October 18 - FXC issues "Y2K: Best Practice in the Foreign Exchange Market"
  • August 25 - EMTA, ISDA and the FX Committee announce amendments to the Philippine peso rate source definitions
  • June 25 - Letter reminding the community of the potential benefits of reduced transactions and settlements in the first week of January 2000.
  • June 8 - Letter to CFTC on Proposed Rules Concerning Automated Trading Systems Providing Access to Electronic Boards of Trade Operating Primarily out of the US
  • June 8 - Letter to Congressman Thomas Ewing, Chair of the House Subcommitee on Risk Management and Specialty Crops, on CEA Reform. Signed by Foreign Exchange Committee and other industry groups.
  • February 3 - New Brazilian Real Rate Sources Announced by ISDA, EMTA and the FX Committee

1998

  • December 3 - Y2K: Letter from the Committee and the Singapore Foreign Exchange Market Committee suggesting that the foreign exchange com