The Mexican Foreign Exchange Committee (MFXC) is a representative forum that includes market professionals involved in the wholesale domestic foreign exchange market. The Committee has the purpose of promoting the integrity and sound functioning of the FX Market in accordance with the global principles of internationally accepted best practices. The Committee is sponsored by the Bank of Mexico and was established on November 7, 2017.
The Committee is composed by members that represent the main participants in the Mexican foreign exchange market. In this way representativeness in ensured by consideration of all points of view.
FX GLOBAL CODE
The FX Global Code is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market. The Mexican Foreign Exchange Committee has decided to adopt and promote the FX Global Code as its best practice guidelines.
- Joint Statement on the Publication of the FX Global Code: May 2017
- Global Foreign Exchange Committee (GFXC)
- FX Global Code