29 May 2023

Singapore Foreign Exchange Market Committee

The Singapore Money Brokers Association (SMBA) welcomes and strongly supports the launch of the FX Global Code for the wholesale foreign exchange (FX) market.

This initiative will strengthen the integrity and effectiveness of the FX market.

We support adherence to the Global code by the FX market and intend to promote the Global Code to our SMBA members, by encouraging them to evolve their institutions' FX practices to be consistent with the principles in the Global Code.

Yours Faithfully