To promote a robust, fair, and open global foreign exchange market, central banks and market participants developed the FX Global Code—a set of global principles governing good market practice.
The Six Core Principles of the FX Global Code
The code establishes clear, non-binding ethical benchmarks organized across six functional pillars:
[FX Global Code Pillars]
  |- 1. Ethics -----------> Mandates that market participants act with honesty and integrity
  |- 2. Governance -------> Requires robust operational frameworks and independent risk controls
  |- 4. Information Blocks -> Enforces strict rules regarding communication and data privacy
  |- 4. Execution --------> Promotes fair and transparent order routing and pricing models
  |- 5. Risk Management --> Requires clear systems to track and mitigate transaction exposures
  |- 6. Confirmation -----> Mandates prompt post-trade processing to secure fin
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