London, October 3, 2017 - BidFX, a rapidly growing eFX platform, today announced its support and statement of commitment to the Global Code of Conduct.
The Global Code’s purpose is to promote a robust, fair, liquid, open, and appropriately transparent market.
Since the code’s initiation earlier this year, BidFX has focused on aligning its practices to meet and adhere to the requirements. BidFX is proud to announce they have formally committed to the code, making them one of the few early adopters in the industry.
BidFX CEO, Jean-Phillipe Male commented, “BidFX was built to create more transparency in the FX markets, understanding it is a direct driver for optimized trading performance. We fully support the Global Code and any initiative with the intention to strengthen the integrity and effectiveness of the FX market.”
Through our role as a foreign exchange market vendor, BidFX supports the Code in the following ways:
Information-Sharing: Our platform offers the transparency recommended by the Global Code giving way for optimal confidentiality to all clients
Risk Management & Compliance: Our data integrity code meets the best selection and TCA standards
Confirmation & Settlement: With best of breed partnerships and proprietary OMS’ integrations, BidFX enables logical order staging and real-time straight through processing.
Ethics: BidFX prides itself on working honestly and fairly with all its clients, while remaining consistent and transparent in work practices.
BidFX is a TS company - the market leading provider of electronic trading solutions for the global financial marketplace.
BidFX has addressed challenges of the FX market head on by introducing a complete suite of negotiation protocols which include Autorouting, Streaming, RFS, Voice and Algos via a cloud- based FX solution incorporating best-execution. Clients have access to cutting edge execution management, encompassing a complete suite of negotiation tools and a hub to all major banks Algo suites. Our TCA solution features Pre-Trade predictive models, In-Trade benchmarking and Post-Trade synopses. BidFX fulfills the ideal as the one truly multi-asset, broker-neutral EMS in the marketplace today. For more information visit: www.bidfx.com