The FX Global Code of Conduct is a set of principles of good practice in the foreign exchange market developed by a partnership between central banks and market participants. The BIS Foreign Exchange Working Group (GFXC) published the FX Global Code of Conduct on 25 May 2017 with the aim…

A common theme in private capital right now is fund managers seeking out opportunities to outsource non-core activities as they build for scale. Even for those processes that would be considered ‘core’, there may also be opportunities to automate, improve efficiency and eradicate operational risk. For a first-time manager, they…

Driven by pressure from investors, governments and consumers, Environmental, Social and Governance (ESG) factors have become a key priority for the financial services industry and are now at the heart of multiple decision-making processes within many businesses. The growing policy and regulatory momentum towards ESG means that it is now…

Inflation has seemingly become the word of the day, reaching a 40 year high of 9% in the UK in June. Meanwhile, the IMF has reduced its forecast for UK economic growth in 2022 from 4.7% to 3.7% in recognition of higher operating costs. Furthermore, rising volatility due to geopolitical…

The long list of potential counterparties, advisors and electronic trading platforms in foreign exchange (FX) execution means that it can be a confusing landscape for CFOs at corporates and asset managers to navigate. Implementing a robust FX framework that enables best execution can involve numerous operational hurdles. Setting up and…

As the old adage goes: in calm water, every ship has a good captain. The currency markets may have been going through a period of relatively low volatility in recent times, but with interest rate rises on the horizon, CFOs at corporates must not get lured into a false sense…

The foreign exchange (FX) market is the largest and most liquid in the world — daily turnover reached $6.6 trillion in 2019. Trading currencies means dealing with prices that are constantly moving up and down, often almost instantaneously in response to news from the financial markets, with the exchange rate…

One of the most prominent trends in the foreign exchange (FX) market, expedited by the Covid-19 pandemic, has been the notable increase in organisations seeking to embrace digitisation as a way to streamline operational processes. The latest Citi Treasury Diagnostics Report found that 57% of treasurers are looking at transformative…

London and Paris, 30th March 2022 — MillTechFX, the FinTech affiliate of Millennium Global Investments, has expanded into Europe following the success of its multi-bank foreign exchange (FX) marketplace in the UK and North America. Over the past year, the FX marketplace has been accumulating client business from asset managers…