ACI FMA Insights Newsletter No 8 is now available

31st Ocotober 2024

Over the last couple of years several ACI FMA National Associations have increased their focus toward supporting the younger ACI members, often referred to as the “Next Generation.”

ACI Danmark focus on all members, especially the Next Generation, as they are the future of both the Financial Markets and for ACI Danmark.

The National Associations in Switzerland, Denmark and the UK are all running programs for the Next Generation. There is a cross-border co-operation and sharing of knowledge among these three ACI countries for mutual benefits.

Together with Switzerland and UK we wish to share the current status, work conducted so far, and the experience gained on a global scale.

Please see our findings in short briefing for the national associations ACI – Next Generation.

We share ACI’s values; the importance of networking, and the exchange of knowledge on a wide range of topics.

28th April 2024

ACI FMA has released a short video dedicated to exploring the intricacies of T+1 Settlements.

Ileana Pietraru, President of ACI France, interviews Stephane Malrait, ACI FMA Chairman, on this insightful presentation that explores the significance of transitioning to a T+1 Settlement cycle.

The video produced by ACI FMA in cooperation with LFMA “Spot & Forward”, not only highlights the benefits and challenges of this transition but also explores its impact across various regions worldwide and within different segments of the financial organizations. It explores crucial aspects such as efficiency, risk, and market liquidity, offering valuable insights into the evolving landscape of financial markets.

You can access the ACI FMA video by following this YouTube link: https://youtu.be/55QTZSmOAkw?si=twGdrR8AnlSGZ0CP

17th January 2024

The ACI FMA Foreign Exchange Committee (FXC) has put together a detailed Briefing Note addressing the essential aspects of the upcoming USD T+1 Securities Settlement. Commencing on May 28th, 2024, this significant shift in the US Securities Settlement system is anticipated to have far-reaching implications on the Foreign Exchange (FX) landscape.

Highlighting concerns raised by ACI FMA FX Committee members, the Briefing Note emphasizes the need for proactive preparation among FX Market Participants. The ACI Financial Markets Association urges its members to actively engage with the contents of the Briefing Note and encourages the distribution of this resource within professional networks to foster a broader comprehension of the changing FX domain.

You may find the note here

6th November 2023

The Dealing simulation course has been completed with great success.

More than 30 committed participants completed this year’s ACI Australia Dealing Simulation last week.

The ACI Australia Dealing Simulation is the fastest and most effective way to acquire that invaluable practical knowledge. Participants experience real-life simulated market scenarios over five high- impact days.

Theoretical knowledge can help but practical experience and training is paramount.

2023-05-12

This new edition is dedicated to the ACI FMA Spring Meetings and the 31^stACI FMA Croatia General Assembly and Financial Markets Conference 2023, which will take place in Zagreb from 16^th to 19^th May. Adittional details and much more can be found in the column that Mario Kolinski, ACI Croatia President shared with us. Please also visit the Congress website for more details: https://acifma.hr/zg2023-en/

The Global Foreign Exchange Committee (GFXC) met in Zurich on 27–28 June in-person, with the option of virtual participation. The majority of GFXC members met physically for the first time since the outbreak of the coronavirus pandemic. The GFXC meeting was led by its Chair, Andréa Maechler of the Swiss National Bank, and its Co-Vice Chairs, Richard de Roos of Standard Bank and Stefanie Holtze-Jen of Deutsche Bank.

The GFXC agreed on the work programme for the next two years, which will cover the interim period until the next three-year Code review. Discussion on the programme began at the previous GFXC meeting in December 2021, and Local Foreign Exchange Committee (LFXC) members expressed their interests and priorities in a survey in February 2022. The results of the survey and conclusions were shared with LFXCs in May 2022. Andréa Maechler indicated, “Our priorities going forward are clear. Almost a year since the publication of the revised Code a number of market participants have signed up to the Code and the GFXC expects those who have not yet renewed their Statement of Commitment to do so shortly. In order to foster even more widespread adoption of the Code, the GFXC must continue its efforts in ensuring that the cost of adherence reflects a market participant’s role in the FX market and that the tangible benefits of adherence are well understood.”

You may find more information here.

Time had caught up with our website, and late last year the board decided  that the time had come for a major upgrade.

We are therefore pleased that we can go live with a modernized website where You can quickly and easily find the information You are looking for.

Should You have any questions or comments, please feel free to contact us.

On behalf of the board

Thomas and Michal

You may find a short introduction to ACI FMA and ELAC here

Det er ofte hurtigere og nemmere at tilgå informationer i et feed end på en hjemmeside.

Vi har derfor oprettet en side på LinkedIn, som vi håber, at du som medlem finder nyttig.

Vi vil løbende sørge for, at der bliver slået relevante nyheder og informationer op.

Du kan finde vores side på LinkedIn her

I en proces ledet af ACI FMA-præsident, Kim Winding Larsen, ansøgte kandidaterne Marc De Bosscher og Jørn Luffe Sodborg om den stilling, der var blevet åben siden Marc De Bosschers oprindelige periode som ACI FMA Europe co-præsident sluttede i maj 2021.

Den nyvalgte ACI FMA Europe co-præsident vil arbejde tæt sammen med Branko Petrovic, ACI FMA Europe co-præsident og respektere den struktur, der blev indført af ACI FMA Europe i begyndelsen af ​​året, så de vil sammen definere de fremtidige strategier og aktioner for regionen.

Luffe overtager den nye rolle med virkning fra den 9. juni 2021.

Vi ønsker Luffe tillykke med valget.

15. juli 2021

GFXC har afsluttet sin gennemgang af FX Global Code og opdateret principperne for god praksis på valutamarkedet inden for flere nøgleområder. Komitéen offentliggør også skabeloner, som markedsdeltagere kan bruge til at forbedre oplysninger og hjælpe med transaktionsomkostningsanalyse.

GFXC’s opdateringer til FX Global Code følger en omfattende konsultationsproces med de lokale komiteer rundt om i verden og en offentlig anmodning om feedback i april.

Der er foretaget opdateringer til 11 af kodeksets 55 principper og styrker kodeksets vejledning om anonym handel, algoritmisk handel og analyse af transaktionsomkostninger, oplysninger og afviklingsrisiko.

Se mere på GFXC’s hjemmeside.

Du kan finde den opdaterede FXGC her.