Nowadays BIS markets committee calls for wider adoption of global code of conduct for foreign exchange markets.

The Global Foreign Exchange Committee as a forum bringing together central banks and private sector participants with the aim to promote a robust, fair, liquid, open, and appropriately transparent Foreign Exchange (FX) market in which a diverse set of participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available information and in a manner that conforms to acceptable standards of behavior. Link 

Since the Code’s launch, a lot has been accomplished. It has become a benchmark for FX-related issues and has helped to improve standards of behavior in FX markets. The GEM Governors look forward to the GFXC’s review, which will help ensure the Code remains relevant and dynamic.

About the positive development of global code.PROFIT&LOSS Article, BIA Press Release

The Global Foreign Exchange Committee has issued a Press Release that provides a summary of the new publications.Link