The Foreign Exchange Joint Standing Committee (FXJSC)
The 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: they can be contacted on 020 7601 5982.
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 Assosciation, and certain trade associations.
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, the Financial Services Authority (FSA) and representatives from the British Bankers' Association, the Association of Corporate Treasurers and the Wholesale Market Brokers' Association.
An updated version of the NIPs Code was published in February 2008.
The Non-Investment Products Code (NIPs)
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The Non-Investment Products Code (NIPs) (204k) December 2007 |
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The
Non-Investment Products Code (NIPs) (171k) January 2006 |
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Change
to the Non-Investment Products Code in Relation to Undisclosed
Principal Trading 28 May 2003 |
Results of the Semi-Annual FX Turnover Surveys
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Results
of the Semi-Annual FX Turnover Survey in April 2008 including revised results for October 2007 and April 2007 (69k) 28 July 2008 |
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April 2008 data tables (298k) 28 July 2008 |
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Results
of the Semi-Annual FX Turnover Survey in October 2007 including revised results for April 2007 and October 2006 (80k) 28 January 2008 |
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Results
of the Semi-Annual FX Turnover Survey in April 2007 including revised results for April and October 2006 (79k) 31 July 2007 |
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Results
of the Semi-Annual FX Turnover Survey in October 2006 including revised results for April 2006 (63k) 22 January 2007 |
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Results
of the Semi-Annual FX Turnover Survey in April 2006 including revised results for October 2005 (172k) 17 July 2006 |
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Results
of the Semi-Annual FX Turnover Survey in October 2005 including revised results for April 2005 (138k) 23 Jan 2006 |
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Results
of the Semi-Annual FX Turnover Survey in April 2005
(166k) 25 July 2005 |
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Results
of the Semi-Annual FX Turnover Survey in October 2004 (36k) 24 January 2005 |
A review of the work of the London Foreign Exchange Joint Standing Committee
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A review of the work of the London Foreign Exchange Joint Standing Committee in 2007 |
Previous reviews: |
Other
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Statement
Regarding Romanian Currency Conversion (107k) 31 May 2005 |
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FXJSC
Global Operations Managers Conference (85k) 20-21 April 2005 |
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Turkish
Lira Conversion (64k) Joint Statement (FXJSC Ops Sub Group and FXC Ops Group) 7 December 2004 |
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Open
letter from the members of the FX JSC (322k) 28 May 2002 |
| Reports from the E-Commerce subgroup: 2003
- E-Forex magazine version (152k) 2003
- Quarterly Bulletin version (54k) 2002
(87k) |
London Foreign Exchange Joint Study Committee Meeting Minutes
Minutes for 2008
- July 2008 (17k)
- May 2008 (17k)
- March 2008 (17k)
- January 2008 (17k)
Minutes for 2007
- November 2007 (20k)
- September 2007 (18k)
- June 2007 (16k)
- May 2007 (19k)
- March 2007 (19k)
- January 2007 (18k)
Previous Minutes
There are equivalent committees to the FXJSC in all of the major foreign exchange centres around the world. Details on the websites of these committees can be found in the following link:
Other Foreign Exchange Committee Websites
