Article Summary:

Blogs about basic information in forex trading, forex participants and how to earn big in forex trading.Michael Greenberg at Forex Magnates reported yesterday the creation of a new group to represent Foreign Exchange industry.
The 16 firms that have so far joined are: Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Mellon, Citi, Credit Suisse, Deutsche Bank, Goldman


Article Content:
Michael Greenberg at Forex Magnates reported yesterday the creation of a new group to represent Foreign Exchange industry.

The 16 firms that have so far joined are: Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, BNY Mellon, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Nomura, Royal Bank of Scotland, Standard Chartered Bank, Société Générale, UBS and Westpac.
They collectively represent more than 85% of the market according to the Euromoney FX survey.

Interesting move

Francesc

New global organization formed to represent Foreign Exchange industry
The major players in the global Foreign Exchange (FX) industry are coming together to form a new representative body, formalizing an approach that many have been taking for some years in working together to reduce systemic risk in the FX marketplace for its participants.
The new body is to be formed by the Association for Financial Markets in Europe (AFME), in co‐operation with its partners, the Securities Industry and Financial Markets Association (SIFMA) and the Asian Securities Industry and Financial Markets Association (ASIFMA).


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