ACI to develop new spot FX standards
Industry association plans to complete project by year-end to bring greater clarity to the definition of spot FX across currencies and geographies
Global financial markets association ACI is developing a handbook to define spot foreign exchange across currencies and geographies in an effort to remove some of the complexity from electronic trading and provide greater clarity on the definition of spot transactions.
The ACI will collate data from its 13,000 members and other sources to establish a set of definitions of spot foreign exchange, including settlement arrangements and other data, for various currency pairs. It hopes the industry
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