AMWatch

ATP signs principle for ethical FX behavior

ATP is the first Danish pension fund to join the FX Global Code, which is a set of global principles for ethical behavior in the foreign exchange market.

Photo: Thomas Borberg

Over the past year, investors have sued a number of major international banks for playing dirty in the FX market.

As a consequence of the many cases, the Bank of International Settlements (BIS), sometimes referred to as the central bank of central banks, and a number of central banks and market players have taken the initiative to create a new ethical code of conduct for global currency trading, named FX Global Code.

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