FMLG Financial Markets Lawyers Group FMLG FXC

FMLG Market Practices and Best Practices

All documents are in pdf format

The FXC and FMLG have issued the following Market Practices:

  • July 29, 2014: FXC and FMLG Illustrative Implementation Steps and Best Practices for Intermediated FX Prime Brokerage arrangements
  • May 22, 2013: FXC and FMLG issue market practice regarding Swap Trading Relationship for Foreign Exchange
  • May 8, 2013: FXC and FMLG issue market practice regarding form of Prime Broker Notice to Executing Dealer under PB Protocol
  • February 15, 2013: FXC/FMLG issue market practice for trade reporting of prime brokerage trades


Quick Links
FX Prime Brokerage Reverse Give-Up Relationships: An Overview pdf
Foreign Exchange Committee News
Guidelines for Foreign Exchange Trading Activities (Updated May 2008) pdf
Management of Operational Risk in Foreign Exchange - Sixty Best Practices pdf
Foreign Exchange Transactions: Execution to Settlement Recommendations for Nondealer Participants pdf