Equiti Capital, an entity of Equiti Group, has signed the Statement of Agreement to the FX Global Code of Conduct, according to the press release published by the company on its website. The statement of agreement confirms the broker’s commitment to follow the adopted standards of working in the wholesale foreign exchange market.
“Signing the FX Global Code of Conduct supports Equiti’s client-focused approach to liquidity provision in the FX market. The Code provides a framework to evaluate execution choices and helps clients know what to expect from counterparties and liquidity providers,” stated Benedict Sears, Head of Equiti's FX Agency Desk and Group Head of FX and PM Liquidity.
All global entities within the Equiti Group will also embrace the principles of the Code to further instill the highest industry standards across the Group.
The purpose of the FX Global Code of Conduct is to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of Market Participants, supported by resilient infrastructure, can confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behavior.
Equiti is the name of the entities that are part of the Equiti Group Ltd. Holding, established in 2008. The regulators that monitor the business units in Europe, Asia, Africa, and North and South America are six international commissions, including FCA (UK), JSC (Jordan), FSA (Seychelles), SCA (UAE), CMA (Kenya), and CBA (Armenia).