Georgian Financial Markets Treasuries Association GFMTA was established on November 21, 2018 by the National Bank of Georgia (NBG), various commercial banks and microfinance organizations. Today, the Association is the largest professional organization that cares about the development of financial markets in Georgia and unites 16 entities operating in different segments of the financial markets of Georgia, including 10 commercial banks, 3 microfinance organizations, the Pension Agency of Georgia, the National Bank of Georgia, and a corporation.

One of the main tasks of the Association is to implement and enforce the principles of the FX Global Code. The FX Global Code was developed by a working group initiated by the Bank for International Settlements (BIS) and it establishes uniform rules and principles of conduct in the foreign exchange market.

Its purpose is to make the market more transparent, establish fair conduct among financial market participants, and set minimum requirements for the organizational structure within financial institutions to ensure that their operations meet the highest standards.