The Mexican Foreign Exchange Committee (MFXC) is a representative forum that includes market professionals involved in the wholesale domestic foreign exchange market. 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. Members may include banks, inter-dealer electronic and voice brokers, corporates, non-banking financial entities, infrastructure providers, among others.

The objectives of the Committee include providing a discussion forum for the regular exchange of ideas, opinions, and experiences between Bank of Mexico´s representatives and foreign exchange market participants. In addition, the Committee seeks to review existent procedures and promote best practices while contributing to the promotion, implementation, and adherence to the FX Global Code amongst domestic foreign exchange market participants. The MFXC will also collaborate with other similar committees around the world and with the Global Foreign Exchange Committee (GFXC).



Terms of Reference