Introduction to FX Markets II

Introduction to FX Markets II

In the second instalment of FX, Kees discusses Code of Conduct and the rules around transaction Value Dates.
Overview

It is important that FX market participants agree how trading should take place. An FX Code of Conduct, published in May 2017, adopts a principles-based approach to standards in the FX markets and provides a common set of guidelines to promote the integrity and effective functioning of the wholesale FX market. The code describes agreed market practices. The OTC FX market is full of conventions. The code says market participants should be familiar with conventions around value dates.

Key learning objectives:

  • What is a value date and what is the standard for spot transactions?

  • What is the value date convention for forward trades?

  • How do holiday trading conventions work?

  • What are the conventions for Latin American and Arab currencies?

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Summary
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Expert
Kees van den Aarssen

Kees van den Aarssen

Kees has over 30 years of experience in Financial Markets. He has sophisticated expertise in sales and trading roles working in Foreign Exchange and Money Markets. He now conducts seminars, workshops and training courses for clients all over the world.

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