ACI – The Financial Markets Association (ACI FMA), has teamed up with the Interarab Cambist Association (ICA) to promote the FX Global Code amongst financial institutions in the Middle East and Africa.
The ICA is a trade association representing professionals working at banks and financial institutions across the Middle East and Africa. Established in 1972, it has members in 15 countries and provides training and workshops relating to asset classes including FX, interest rate products, equities and commodities.
The partnership forms part of the ACI FMAs goal of strengthening engagement with professionals and institutions in emerging and developing markets. As part of the collaboration, the ACI FMA and the ICA recently combined their annual member conferences – the ACI World Congress and ICA Annual Conference – for the first time in Cairo, Egypt, under the theme Together Towards Tomorrow. Over 500 economic experts and financial markets professionals participated in the conference between 25-27 October, making it one of the most high-profile events in the region in 2018.
Rui Correia, Director of Education at ACI FMA, commented: We are very pleased to build on our cooperation with the Interarab Cambist Association. The Middle East and Africa are amongst the fastest-growing developing markets for FX trading, with countries such as South Africa and United Arab Emirates emerging as key regional trading hubs.
The launch of the FX Global Code offers a unique opportunity to ensure the all FX market professionals adopt universal standards of ethics, conduct and behaviour. This partnership is an important step in raising awareness of the FX Global Code and promoting adherence.
The ACI FMA will be hosting a webinar entitled FX Global Code – Education and Adherence on the 14 November. It features representatives from the European Central Bank, BBVA, Refinitiv and ING Bank. For more details and to register, please click here.