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FXC Library

In May 2017, the Global Foreign Exchange Committee (GFXC) published the FX Global Code. This document is a set of global principles of good practice, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale FX market. As a member of the GFXC, and as an active participant in the development of the FX Global Code, the FXC has adopted the principles of the FX Global Code and in light of this has not revisited its prior market practices and best practices, but continues to make them available for historical reference below.

Most documents in PDF format

Reference Documents

Foreign Exchange Transactions: Execution to Settlement Recommendations for Non-Dealer Participants
January 2016

Intermediated FX Prime Brokerage Arrangements: Illustrative Implementation Steps and Best Practices ("IISBP")
July 29, 2014

Best Practices for Designation of Covered PB Counterparties
September 30, 2013

Management of Operational Risk in Foreign Exchange - Sixty Best Practices
May 29, 2013

Swap Trading Relationship Market Practice for Relevant Foreign Exchange Transactions
May 22, 2013

PB Protocol PB Notice to ED Market Practice
May 8, 2013

Foreign Exchange Prime Brokerage Reporting Obligations
February 15, 2013

Guidelines for Foreign Exchange Trading Activities
November 2010

Autodealing: Market Impact and Best Practice Recommendations
June 19, 2006

Foreign Exchange Prime Brokerage: Product Overview and Best Practice Recommendations
December 19, 2005

Supplementary Guidance for Market Disruptions
November 23, 2001

Barrier Options: New Best Practices
February 17, 2000

Guidelines for Foreign Exchange Settlement Netting
January 1997

FX Committee Letter on Historical Rate Rollovers: A Dangerous Practice
December 26, 1991

Archived Documents

Letter on Best Practice Guidance of Payment-versus-Payment Settlement Services
November 22, 2010

Guidelines for Foreign Exchange Trading Activities
May 2008

Letter regarding the retail foreign exchange market
December 9, 2005

Letter regarding the practice of issuing authorization letters
July 14, 2005

Foreign Exchange Transaction Processing: Execution-to-Settlement Recommendations for Nondealer Participants
November 8, 2004

Management of Operational Risk in Foreign Exchange - Sixty Best Practices
November 5, 2004

Guidelines for Foreign Exchange Trading Activities
July 2004

2004 Changes to the Guidelines for Foreign Exchange Trading Activities
July 13, 2004

FXC Addresses Letter to Market Participants Regarding the Practice of Issuing Authorization Letters
February 23, 2004

FXC and SFEMC Address Joint Letter to Market Participants Regarding Risks Associated with Trading on an Unnamed Basis
February 17, 2004

2002 Changes to the Guidelines for Foreign Exchange Trading Activities
October 30, 2002

Contingency Planning: Issues and Recommendations
November 15, 2001

Guidelines for Foreign Exchange Trading Activities
September 2001

Foreign Exchange Transaction Processing: Execution to Settlement: Recommendations for Nondealer Participants
October 1999

Y2K: Best Practice in the Foreign Exchange Market
October 18, 1999

Best Practices for the Barrier Option Market
October 7, 1999

Managing Operational Risks in Collateralized Foreign Exchange
September 25, 1997

Management of Operational Risks in Foreign Exchange, "The 50 Best Practices"
April 1996

Principles and Practices for Wholesale Market Transactions
August 17, 1995

 
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