27.05.2016 - Currency conduct code wants raucous traders to clean up their language
Code from the Bank for International Settlements backs information sharing in scandal-hit FX market. Raucous currency traders will have to follow much stricter rules when describing market conditions under a new code of conduct designed to restore public confidence in a foreign exchange market hit by scandal. The code laid out by the Bank for International Settlements on Thursday represents an industry-wide attempt to lay down common standards, conduct and behaviour across all levels of the world’s largest and most liquid market, where $5.3tn is transacted daily...............................................Full Article: Source
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