Equiti Capital, the UK subsidiary of Equiti Group, announced on Tuesday that it had signed the Statement of Agreement to the FX Global Code of Conduct. It will ensure that the company will follow specific standards of good practices while operating in the wholesale FX market.

Equiti Capital Signs FX Global Code of Conduct

“Signing the FX Global Code of Conduct supports Equiti’s client-focused approach to liquidity provision in the FX market. The Code provides a framework to evaluate execution choices and helps clients know what to expect from counterparties and liquidity providers, a principle fully supported by Equiti,” said Benedict Sears, the Head of Equiti’s FX Agency Desk and Group Head of FX and PM Liquidity.

The BIS Foreign Exchange Working Group first published the FX Global Code of Conduct on 25 May 2017. It aims to provide a standard set of guidelines to promote the integrity and effective functioning of the wholesale FX market.

Equiti Capital has joined the likes of central banks and other major FX market participants, like banks, buy-side market participants, and non-bank liquidity providers, to follow the FX Global Code of Conduct.