FX Global Code
STATEMENT OF COMMITMENT TO THE FX GLOBAL CODE
MCAP FX has reviewed the content of the FX Global Code (“Code”) and acknowledges that the Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market (“FX Market”). MCAP FX confirms that it acts as a Market Participant as defined by the Code, and is committed to conducting its FX Market activities (“Activities”) in a manner consistent with the principles of the Code. To this end, MCAP FX has taken appropriate steps, based on the size and complexity of its Activities, and the nature of its engagement in the FX Market, to align its Activities with the principles of the Code.
MCAP FX
Date: January 3, 2018
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FX Global Code
The FX Global Code August 2018 (Global Code) is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market. It was developed by a partnership between central banks and Market Participants from 16 jurisdictions around the globe. The purpose of the Global Code is to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of Market Participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.
MCAP FX strives for the highest ethical standards, which include:
- Act honestly in dealings with Clients and other Market Participants
- Act fairly, dealing with Clients and other Market Participants in a consistent and appropriately transparent manner
- Act with integrity, particularly in avoiding and confronting questionable practices and behaviours
MCAP FX leads the industry in foreign exchange services. Our Corporate Foreign Exchange Traders put the "Person" back in Personal; right where it should be!
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