P&I: More info, but no teeth in new foreign exchange code

Later this month, money managers, pension funds, brokers, banks and other participants in the foreign-exchange market will be asked to sign off on an FX Global Code of Conduct that industry sources said will result in more information to assess execution quality and trading cost.

However, more information won’t necessarily translate into better execution or cost savings for pension funds and other asset owners that will continue to have the responsibility for monitoring their FX trades, they said. For the full article see the link below:

http://www.pionline.com/article/20170515/PRINT/305159986/more-info-but-no-teeth-in-new-foreign-exchange-code