Advanced Markets Endorse FX Global Code, Register With AFMA

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Advanced Markets

Advanced Markets Endorse FX Global Code, Register With Australian AFMA

October 6, 2018
Australian Financial Markets Association AFMAAdvanced Markets, a provider of liquidity and technology to brokers, fund managers, hedge funds and CTAs, has formally endorsed the FX Global Code of Conduct thus registering with The Australian Financial Markets Association (AFMA) in their public register supported by ACI Australia.

The institutional liquidity provider and Prime of Prime brokerage is an Australian Financial Services Licensee supporting direct market access (DMA) trading in spot FX, energies, precious metals as well as CFDs. Its liquidity ultimately serves more than 40,000 institutional and individual clients in more than 30 countries globally, according to the company’s estimations.

The Global Code states it “has been developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market (FX Market). It is intended 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 behavior.”

Anthony Brocco, founder and Chief Executive Officer at Advanced Markets
Anthony Brocco, founder and Chief Executive Officer at Advanced Markets

Anthony Brocco, founder and Chief Executive Officer at Advanced Markets, commented:

“Formally committing to the FX Global Code of Conduct was a logical step for Advanced Markets given that, since inception, the firm has continually operated under the guidelines laid out within the Code. We don’t need to change any aspect of the way in which we operate, it’s simply business as usual for us. Full transparency and aligning interests with our clients have always been at the foundation of our business model.”

In May 2018, the Monetary Authority of Singapore (MAS) affirmed its commitment to the BIS Fx Global Code of Conduct. The Bank of England along with six other European System of Central banks (ESCB) including Czech Republic, Spain, Austria, Cyprus, Poland, and Romania have also ‘joined the club’ in February.

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