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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)
November 2011

Codes of Best Market Practice and Shared Global Principles 
May 2013

Previous versions of the NIPs Code are listed below:

download pdf The Non-Investment Products Code (NIPs)
April 2009
download pdf The Non-Investment Products Code (NIPs)
December 2007
The Non-Investment Products Code (NIPs)
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
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 
28 July 2014
April 2014 data tables 
28 July 2014
April 2014 market share table 
28 July 2014
October 2013 revised data tables 
October 2013 revised market share table 
April 2013 revised data tables 
April 2013 revised market share table 

 

 

2012 Results

Results of the Semi-Annual FX Turnover Survey in October 2012 
29 January 2013
October 2012 data tables 
29 January 2013
October 2012 market share table 
29 January 2013
April 2012 revised data tables 
April 2012 revised market share table
October 2011 revised data tables 
October 2011 revised market share table 

Results of the Semi-Annual FX Turnover Survey in April 2012 
30 July 2012
April 2012 data tables 
30 July 2012
April 2012 market share table 
30 July 2012
October 2011 revised data tables 
October 2011 revised market share table
April 2011 revised data tables 
April 2011 revised market share table 

2011 Results

  Results of the Semi-Annual FX Turnover Survey in October 2011
6 February 2012
  October 2011 data tables 
6 February 2012
  October 2011 market share table 
6 February 2012
  April 2011 revised data tables
  April 2011 revised market share table 
  October 2010 revised data tables 
  October 2010 revised market share table 

download pdf Results of the Semi-Annual FX Turnover Survey in April 2011
25 July 2011
download Excel spreadsheet April 2011 data tables
25 July 2011
download Excel spreadsheet April 2011 market share table
25 July 2011
download Excel spreadsheet October 2010 revised data tables
download Excel spreadsheet October 2010 revised market share table 
download Excel spreadsheet April 2010 revised data tables
download Excel spreadsheet April 2010 revised market share table

 

2010 Results

download pdf Results of the Semi-Annual FX Turnover Survey in October 2010
31 January 2011
download Excel spreadsheet October 2010 data tables
31 January 2011
download Excel spreadsheet October 2010 market share table
31 January 2011
download Excel spreadsheet April 2010 revised data tables
download Excel spreadsheet April 2010 revised market share table
download Excel spreadsheet October 2009 revised data tables
download Excel spreadsheet October 2009 revised market share table
download pdf Results of the Semi-Annual FX Turnover Survey in April 2010
26 July 2010
download Excel spreadsheet April 2010 data tables
26 July 2010
download Excel spreadsheet April 2010 market share table
26 July 2010
download Excel spreadsheet October 2009 revised data tables
download Excel spreadsheet October 2009 revised market share table
download Excel spreadsheet April 2009 revised data tables
download Excel spreadsheet

April 2009 revised market share table

 

2009 Results

download pdf Results of the Semi-Annual FX Turnover Survey in October 2009
25 January 2010
download Excel spreadsheet October 2009 data tables
25 January 2010
download Excel spreadsheet October 2009 market share table
25 January 2010
download pdf Results of the Semi-Annual FX Turnover Survey in April 2009
27 July 2009
download Excel spreadsheet April 2009 data tables
27 July 2009
download Excel spreadsheet April 2009 market share table
27 July 2009
download Excel spreadsheet October 2008 revised data tables
27 July 2009
download pdf Results of the Semi-Annual FX Turnover Survey in October 2008
27 January 2009
download Excel spreadsheet October 2008 data tables
27 January 2009
download Excel spreadsheet April 2008 revised data tables
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
Published in the 2013 Q2 edition of the Quarterly Bulletin

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London Foreign Exchange Joint Standing Committee Meeting Minutes

Latest Minutes

July 2014

2014
July 2014
May 2014
March 2014 
January 2014 
 
2013
November 2013 
September 2013
July 2013
May 2013
March 2013
January 2013

 
 

2012 
November 2012
September 2012
July 2012
March 2012
January 2012

 2011
November 2011
September 2011
July 2011
May 2011
March 2011
January 2011

2010
November 2010
September 2010
July 2010
May 2010
March 2010
January 2010

2009
November 2009
September 2009
July 2009
May 2009
March 2009
January 2009

2008
November 2008
September 2008
July 2008
May 2008
March 2008
January 2008

2007
November 2007
September 2007
June 2007
May 2007
March 2007
January 2007

2006
September 2006
July 2006
May 2006
March 2006
January 2006

2005
November 2005
September 2005
July 2005
May 2005
March 2005
January 2005

2004
November 2004
September 2004
July 2004
May 2004
March 2004
January 2004

2003
September 2003
July 2003
May 2003
March 2003
January 2003
Annex: ACI Presentation

2002
November 2002
September 2002
June 2002
Annex: Volatility in FX markets
April 2002
March 2002
January 2002

2001
November 2001 
September 2001
June 2001
April 2001
March 2001
January 2001

 

Additional published documents

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