B&T signed the Term of Intent to flag the Commitment Term to the Global Code of Exchange - FX Global Code ("Global Code").
The Global Code is a set of global best practice principles for institutions active in the foreign exchange market and aims to promote a robust, fair, open, and adequately transparent market in which a diverse set to Market Participants, supported by resilient infrastructure, is able to carry out transactions with confidence and efficiency.
The Global Code neither imposes any legal or regulatory obligations on Market Participants, nor supersedes the regulations, but has the intention to serve as a complement to any and all local laws, rules and regulations, identifying best practices and global processes.
This adherence reflects B&T ongoing commitment to operate in the foreign exchange market in accordance with international standards and also enables Market Participants, Customers and Counterparties to have a more transparent understanding of our operational and compliance infrastructure.
The Global Code can be found at the following link: https://www.globalfxc.org/fx_global_code.htm