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The London Foreign Exchange Joint Standing Committee (FXJSC)

• FXJSC meeting minutes
• The Non-Investment Products Code (NIPs)
• FXJSC Paper on the Foreign Exchange Market
• Results of the Semi-Annual FX Turnover Surveys
• Review of the work of the London Foreign Exchange Joint Standing Committee
• Additional published documents

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, the Financial Services Authority (FSA) 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 April 2009.

The Non-Investment Products Code (NIPs)

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

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

2009 Results

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

To see previous results of the Semi-Annual FX Turnover Surveys, show

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

A review of the work of the London Foreign Exchange Joint Standing Committee in 2008 (347k) Published in the 2009 Q2 edition of the Quarterly Bulletin

Click here to see previous reviews, show

London Foreign Exchange Joint Study Committee Meeting Minutes

Additional published documents

	Statement Regarding Romanian Currency Conversion (107k) 31 May 2005
	London FXJSC Global Operations Managers Conference 20-21 April 2005
	Turkish Lira Conversion (64k) Joint Statement (FXJSC Ops Sub Group and FXC Ops Group) 7 December 2004
	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)

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:

Links to Other International Foreign Exchange Committee Websites

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