Portware commits to FX global code of conduct 14 February 2018Connecticut Reporter: Jenna Lomax
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FactSet Trading Solution Portware has committed to the guidelines outlined in the FX Global Code of Conduct.
In the code of conduct, the firm pledges to uphold the six leading principles of the code: ethics; governance; execution; information sharing; risk management and compliance; and confirmation and settlement processes.
Portware expects its clients to benefit from this agreement across their foreign exchange (FX) operations, expectant that this will see an increase market liquidity.
Portware’s commitment to the guidelines comes after FactSet and ComplianceGuard (CG) Blockchain partnered to provide clients with order and execution management (OEM) combined with blockchain technology.
Through the partnership, FactSet clients will have access to CG Blockchain products, while CG Blockchain’s clients will have access to FactSet’s Portware execution and OEM capabilities.
OEM capabilities can be used for trade execution, analysis, order generation, and compliance.
Commenting on Portware’s signing of the code of conduct, Christopher Matsko, head of FX trading solutions at FactSet, said: “We firmly believe in standards of transparency, fairness, liquidity, and ethical practices in the FX market.”
He added: “Signing the FX Global Code offers us the opportunity to represent the best interests of the foreign exchange community worldwide. We look forward to working with our clients, partners, and all of the signatories to enhance the effectiveness of the global FX marketplace.”
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