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)
FXJSC Paper on the Foreign Exchange Market
FXJSC Paper on the Foreign Exchange Market (137k)
September 2009
Results of the Semi-Annual FX Turnover Surveys
2012 Results
Results of the Semi-Annual FX Turnover Survey in October 2012 (92k)
29 January 2013
October 2012 data tables (257k)
29 January 2013
October 2012 market share table (39k)
29 January 2013
April 2012 revised data tables (257k)
April 2012 revised market share table (38k)
October 2011 revised data tables (257k)
October 2011 revised market share table (41k)
Results of the Semi-Annual FX Turnover Survey in April 2012 (40k)
30 July 2012
April 2012 data tables (256k)
30 July 2012
April 2012 market share table (38k)
30 July 2012
October 2011 revised data tables (256k)
October 2011 revised market share table (38k)
April 2011 revised data tables (255k)
April 2011 revised market share table (38k)
2011 Results
Results of the Semi-Annual FX Turnover Survey in October 2011 (34k)
6 February 2012
October 2011 data tables (256k)
6 February 2012
October 2011 market share table (38k)
6 February 2012
April 2011 revised data tables (256k)
April 2011 revised market share table (38k)
October 2010 revised data tables (256k)
October 2010 revised market share table (37k)
2010 Results
2009 Results
To see previous results of the Semi-Annual FX Turnover Surveys, show
To see previous results of the Semi-Annual FX Turnover Surveys, hide
A review of the work of the London Foreign Exchange Joint Standing Committee
Click here to see previous reviews, show
Click here to see all previous reviews, hide
London Foreign Exchange Joint Standing Committee Meeting Minutes
Latest Minutes
To see the previous minutes, hide
Previous Minutes: