Global Foreign Exchange Committee

Name

Global Foreign Exchange Committee

Legal name

Global Foreign Exchange Committee

Website

https://globalfxc.org

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

FX Market Standards Body

NAICS

International Affairs (92812)

SIC

International Affairs (9721)

akta.pro primary industry

Risk, Controls & Governance (GRC) Platforms (FSAFAOAG)

Keywords

• FX market standards
• Wholesale foreign exchange
• Market integrity principles
• Central bank coordination
• Financial market governance

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Distribution channels1 record

Marketing channels5 records

Core offering

The Global Foreign Exchange Committee (GFXC) develops and maintains the FX Global Code — a set of global principles of good practice in the wholesale foreign exchange market covering ethics, governance, execution, information sharing, risk management, and compliance. Established in May 2017 as a voluntary forum of central banks and private-sector participants, the GFXC also provides supporting resources including Disclosure Cover Sheets, Algo/TCA Templates, a Proportionality Self-Assessment Tool, and a Global Index of Public Registers tracking Statements of Commitment from market participants worldwide.

Product overview

The Global Foreign Exchange Committee (GFXC) is a regulatory/governance forum, not a technology product company. It does not offer a software platform but rather publishes the FX Global Code—a set of global principles for FX market integrity—as its core offering. The portfolio includes complementary resources: Disclosure Cover Sheets for transparency, Algo/TCA Templates for best practices, a Global Index of Public Registers tracking Statement of Commitment entries, and a Proportionality Self-Assessment Tool. These work together as guidance materials supporting adoption of the Code across the wholesale FX market.

Differentiator

Problem solved

Functional benefit

Products and services

• FX Global Code A comprehensive set of global principles of good practice in the foreign exchange market, providing common guidelines to promote integrity and effective functioning of the wholesale FX market. Targeted at wholesale FX market participants including central banks, financial institutions, and other market participants as defined in the Code.
• Disclosure Cover Sheets Standardized disclosure documents for Liquidity Providers and Platforms to provide transparency in FX market practices. Designed for use by wholesale FX market participants.
• Algo/TCA Templates Templates for algorithm usage and Transaction Cost Analysis in FX markets, supporting implementation of best practices related to execution and transparency. Targeted at wholesale FX market participants using algorithmic trading.
• Proportionality Self-Assessment Tool An online tool enabling market participants to assess how they can apply the FX Global Code's principles proportionally to match their business size, complexity, and nature. Targeted at wholesale FX market participants of varying scale.
• Global Index of Public Registers A comprehensive public index tracking Statement of Commitment entries from market participants who have publicly adopted the FX Global Code, with 1,549 entries recorded as of June 2026. Targeted at wholesale FX market participants and the broader public.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eleven partnerships are on record, tiered core.

• Monetary Authority of Singapore (MAS)coreStrategic or Co-development PartnerMAS hosts GFXC meetings and contributes to governance. MAS Assistant Managing Director Bernard Wee serves as GFXC Chair.
• Bank of MexicocoreStrategic or Co-development PartnerBank of Mexico hosts GFXC meetings. Gerardo García (Bank of Mexico) served as GFXC Chair until June 2026.
• Bank of CanadacoreStrategic or Co-development PartnerBank of Canada co-hosted the June 2026 GFXC meeting in Toronto with CIBC.
• Bank for International Settlements (BIS)coreStrategic or Co-development PartnerThe BIS Markets Committee is involved in the preparation of materials on the GFXC website. BIS conducts the Triennial Central Bank Survey which interacts with GFXC work on FX settlement risk.
• International Organization of Securities Commissions (IOSCO)coreStrategic or Co-development PartnerIOSCO provides updates on consultation reports relevant to FX markets, including work on pre-hedging practices. IOSCO coordinates on market integrity issues.
• International Swaps and Derivatives Association (ISDA)coreStrategic or Co-development PartnerISDA provides updates on FX and Currency Option Definitions, aligning definitions with evolving market practices. ISDA coordinates on industry standards.
• Global Financial Market Association (GFMA)coreStrategic or Co-development PartnerGFMA participates in the Partner Network initiative and shares research with GFXC members. Part of strategic engagement to strengthen market-wide adoption of the Code.
• Financial Markets Standards Board (FMSB)coreStrategic or Co-development PartnerFMSB joins Partner Network panel sessions and contributes to discussions on FX market standards and practices.
• ACI Financial Markets AssociationcoreStrategic or Co-development PartnerACI FMA participates in GFXC panel sessions as part of the Partner Network, contributing to industry outreach and Code adoption efforts.
• Bank of EnglandcoreStrategic or Co-development PartnerThe Bank of England administers the FX Global Code Survey on behalf of the GFXC and collects respondent data for survey purposes.
• Local FX Committees (LFXCs)coreStrategic or Co-development PartnerLFXCs are local committees that support GFXC outreach initiatives, present market condition updates, and foster adherence to the Code within their respective jurisdictions.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Others

• Global Financial Markets Association (GFMA): GFMA represents major capital markets participants and is a core GFXC partner within the Partner Network. Comparable as an industry association that promotes the FX Global Code adoption among its member banks and buy-side firms.
• ACI Financial Markets Association: ACI FMA is a global trade association for financial market professionals, certified under the code of conduct, and participates in GFXC panel sessions. Comparable as a practitioner body that supports FX market standards and training aligned with the Code.

Direct peers

• International Swaps and Derivatives Association (ISDA): ISDA is the global standards body for the derivatives market, developing master agreements, definitions, and best practices. Directly comparable to GFXC as a standards-setting body that coordinates with central banks and private sector participants to formalize market practices.
• Financial Markets Standards Board (FMSB): FMSB is a standards-setting body for wholesale financial markets, publishing standards and primers covering FX, fixed income, and securities financing. Directly comparable to GFXC as a fellow market-led standards forum with a Partner Network of sell-side and buy-side institutions.

Regional players

• Foreign Exchange Committee of New York (FXC NY): FXC NY is the Local FX Committee for the United States, one of the regional committees feeding into GFXC. Comparable as a regional FX standards forum that promotes the FX Global Code and disseminates market practices in its jurisdiction.
• Emerging Markets Trade Association (EMTA): EMTA promotes orderly markets in emerging markets FX and fixed income, with practices and documentation standards that intersect with GFXC's scope. Comparable as a standards-coordination body for cross-border FX transactions in emerging markets.

Emerging players

• Futures Industry Association (FIA): FIA is the leading trade organization for futures, options, and cleared derivatives markets globally. Comparable as a broader market infrastructure body whose standards work and lobbying efforts intersect with GFXC's market integrity agenda.
• CLS Bank (now CLS): CLS operates the industry-standard FX settlement infrastructure that GFXC's FX Settlement Risk Working Group addresses. Comparable as a market infrastructure layer whose operational practices the GFXC's standards aim to govern.

Broad incumbents

• International Organization of Securities Commissions (IOSCO): IOSCO is the international body that brings together securities regulators and sets global standards for securities markets. Comparable to GFXC as a higher-level international governance body whose work on FX-related issues (e.g., pre-hedging) overlaps with GFXC's mandate.
• Bank for International Settlements (BIS): BIS hosts and provides secretariat support to GFXC, and its Markets Committee contributes to GFXC materials. Comparable as the parent international organization and central bank forum that convenes the work GFXC operationalizes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

• Xx.com/globalfxc
• LinkedInlinkedin.com/company/global-foreign-exchange-committee

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Global Foreign Exchange Committee