FMLG Financial Markets Lawyers Group FMLG FXC

FMLG Market Practices and Best Practices

In May 2017, the Global Foreign Exchange Committee published the FX Global Code. That document contains good practices applicable across the global FX market. The FMLG has not revisited its prior market practices and best practices in light of the FX Global Code, but continues to make them available for historical reference. So, please consult the FX Global Code first. In the future, the FMLG may update its prior market practice notices or issue new practice notices as needed.

All documents are in pdf format
  • July 29, 2014: FXC and FMLG Illustrative Implementation Steps and Best Practices for Intermediated FX Prime Brokerage arrangements
  • 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
FMLG ISDA Protocol Statement pdf
Articles of Association pdf
Antitrust Guidelines pdf
FX Global Code May 2017  
2021 Meeting Dates pdf