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Home > Markets > Foreign currency reserves > The London Foreign Exchange Joint Standing Committee (FXJSC)
 

The London Foreign Exchange Joint Standing Committee (FXJSC)

The London Foreign Exchange Joint Standing Committee (FX JSC) was established in 1973 under the auspices of the Bank of England, in the main part as a forum for banks and brokers to discuss broad market issues and the focus of the Committee's regular work remains issues of common concern to the different participants in the foreign exchange market. The Bank of England provides the Committee's Chairman and Secretary (contact telephone number: 020 7601 5982).

The Committee includes senior staff from many of the major banks operating in the foreign exchange market in London, as well as from voice- and electronic-brokers, corporate users of the foreign exchange market, and representatives from the British Bankers' Association, the Association of Corporate Treasurers and the Wholesale Market Brokers' Association.

One of the main responsibilities of the Committee is to maintain the Non-Investment Products Code. This is a voluntary code of good market practice which covers bullion, wholesale deposits as well as the FX market. It is maintained in conjunction with the Sterling Money Markets Liaison Group, the London Bullion Market Association, and certain trade associations.

An updated version of the NIPs Code was published in November 2011.

The Non-Investment Products Code (NIPs)

download pdf

The Non-Investment Products Code (NIPs) (248KB)
November 2011

Codes of Best Market Practice and Shared Global Principles (62KB)
May 2013

Previous versions of the NIPs Code are listed below:

download pdf The Non-Investment Products Code (NIPs) (186KB)
April 2009
download pdf The Non-Investment Products Code (NIPs) (204KB)
December 2007
The Non-Investment Products Code (NIPs) (171KB)
January 2006
Change to the Non-Investment Products Code in Relation to Undisclosed Principal Trading
28 May 2003

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FXJSC Paper on the Foreign Exchange Market

pdf FXJSC Paper on the Foreign Exchange Market (137KB)
September 2009

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Results of the Semi-Annual FX Turnover Surveys


2014 Results

Results of the Semi-Annual FX Turnover Survey in April 2014 (135KB)
28 July 2014
April 2014 data tables (261KB)
28 July 2014
April 2014 market share table (64KB)
28 July 2014
October 2013 revised data tables (271KB)
October 2013 revised market share table (64KB)
April 2013 revised data tables (271KB)
April 2013 revised market share table (64KB)

 

 

2012 Results

Results of the Semi-Annual FX Turnover Survey in October 2012 (92KB)
29 January 2013
October 2012 data tables (257KB)
29 January 2013
October 2012 market share table (39KB)
29 January 2013
April 2012 revised data tables (257KB)
April 2012 revised market share table (38KB)
October 2011 revised data tables (257KB)
October 2011 revised market share table (41KB)

Results of the Semi-Annual FX Turnover Survey in April 2012 (40KB)
30 July 2012
April 2012 data tables (256KB)
30 July 2012
April 2012 market share table (38KB)
30 July 2012
October 2011 revised data tables (256KB)
October 2011 revised market share table (38KB)
April 2011 revised data tables (255KB)
April 2011 revised market share table (38KB)

2011 Results

  Results of the Semi-Annual FX Turnover Survey in October 2011 (34KB)
6 February 2012
  October 2011 data tables (256KB)
6 February 2012
  October 2011 market share table (38KB)
6 February 2012
  April 2011 revised data tables (256KB)
  April 2011 revised market share table (38KB)
  October 2010 revised data tables (256KB)
  October 2010 revised market share table (37KB)

download pdf Results of the Semi-Annual FX Turnover Survey in April 2011 (35KB)
25 July 2011
download Excel spreadsheet April 2011 data tables (258KB)
25 July 2011
download Excel spreadsheet April 2011 market share table (38KB)
25 July 2011
download Excel spreadsheet October 2010 revised data tables (362KB)
download Excel spreadsheet October 2010 revised market share table (36KB)
download Excel spreadsheet April 2010 revised data tables (245KB)
download Excel spreadsheet April 2010 revised market share table (36KB)

 

2010 Results

download pdf Results of the Semi-Annual FX Turnover Survey in October 2010 (34KB)
31 January 2011
download Excel spreadsheet October 2010 data tables (254KB)
31 January 2011
download Excel spreadsheet October 2010 market share table (36KB)
31 January 2011
download Excel spreadsheet April 2010 revised data tables (244KB)
download Excel spreadsheet April 2010 revised market share table (37KB)
download Excel spreadsheet October 2009 revised data tables (254KB)
download Excel spreadsheet October 2009 revised market share table (36KB)
download pdf Results of the Semi-Annual FX Turnover Survey in April 2010 (153KB)
26 July 2010
download Excel spreadsheet April 2010 data tables (345KB)
26 July 2010
download Excel spreadsheet April 2010 market share table (39KB)
26 July 2010
download Excel spreadsheet October 2009 revised data tables (256KB)
download Excel spreadsheet October 2009 revised market share table (37KB)
download Excel spreadsheet April 2009 revised data tables (247KB)
download Excel spreadsheet

April 2009 revised market share table (37KB)

 

2009 Results

download pdf Results of the Semi-Annual FX Turnover Survey in October 2009 (41KB)
25 January 2010
download Excel spreadsheet October 2009 data tables (345KB)
25 January 2010
download Excel spreadsheet October 2009 market share table (39KB)
25 January 2010
download pdf Results of the Semi-Annual FX Turnover Survey in April 2009 (42KB)
27 July 2009
download Excel spreadsheet April 2009 data tables (328KB)
27 July 2009
download Excel spreadsheet April 2009 market share table (32KB)
27 July 2009
download Excel spreadsheet October 2008 revised data tables (249KB)
27 July 2009
download pdf Results of the Semi-Annual FX Turnover Survey in October 2008 (101KB)
27 January 2009
download Excel spreadsheet October 2008 data tables (373KB)
27 January 2009
download Excel spreadsheet April 2008 revised data tables (339KB)
27 January 2009

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A review of the work of the London Foreign Exchange Joint Standing Committee

download pdf A review of the work of the London Foreign Exchange Joint Standing Committee in 2012 (434KB)
Published in the 2013 Q2 edition of the Quarterly Bulletin

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London Foreign Exchange Joint Standing Committee Meeting Minutes

Latest Minutes

May 2014 (91KB)


2014
May 2014 (91KB)
March 2014 (18KB)
January 2014 (91KB)

 
2013
November 2013 (21KB)
September 2013 (13KB)
July 2013 (15KB)
May 2013 (13KB)
March 2013 (17KB)
January 2013 (52KB)

 
 

2012 
November 2012 (52KB)
September 2012 (17KB)
July 2012 (13KB)
March 2012 (12KB)
January 2012 (11KB)

 2011
November 2011 (13KB)
September 2011 (13KB)
July 2011 (13KB)
May 2011 (21KB)
March 2011 (17KB)
January 2011 (20KB)

2010
November 2010 (17KB)
September 2010 (25KB)
July 2010 (17KB)
May 2010 (17KB)
March 2010 (17KB)
January 2010 (21KB)

2009
November 2009 (21KB)
September 2009 (18KB)
July 2009 (21KB)
May 2009 (17KB)
March 2009 (15KB)
January 2009 (16KB)

2008
November 2008 (16KB)
September 2008 (16KB)
July 2008 (17KB)
May 2008 (17KB)
March 2008 (17KB)
January 2008 (17KB)

2007
November 2007 (20KB)
September 2007 (18KB)
June 2007 (16KB)
May 2007 (19KB)
March 2007 (19KB)
January 2007 (18KB)

2006
September 2006 (24KB)
July 2006 (30KB)
May 2006 (43KB)
March 2006 (33KB)
January 2006 (113KB)

2005
November 2005 (99KB)
September 2005 (44KB)
July 2005 (118KB)
May 2005 (123KB)
March 2005 (144KB)
January 2005 (122KB)

2004
November 2004 (130KB)
September 2004 (119KB)
July 2004 (117KB)
May 2004 (117KB)
March 2004 (119KB)
January 2004 (111KB)

2003
September 2003 (84KB)
July 2003 (114KB)
May 2003 (87KB)
March 2003 (75KB)
January 2003 (70KB)
Annex: ACI Presentation (143KB)

2002
November 2002 (54KB)
September 2002 (53KB)
June 2002 (62KB)
Annex: Volatility in FX markets (81KB)
April 2002 (65KB)
March 2002 (73KB)
January 2002 (50KB)

2001
November 2001 (55KB)
September 2001 (49KB)
June 2001 (60KB)
April 2001 (53KB)
March 2001 (60KB)
January 2001 (59KB)

 

Additional published documents

         Minutes of the Meeting of the Global Foreign Exchange Committees
          11 April 2014