New York, London May 25, 2017
MarketFactory announced today that it has signed the Statement of Commitment to the FX Global of
Conduct. By signing the Statement of Commitment, which is Annex 3 in the Code published today,
MarketFactory commits to conducting its activities in a manner consistent with the principles of the Code.
Darren Jer, CEO of MarketFactory commented that ”MarketFactory is proud to be among the first institutions to commit to the Code. We are also pleased that our Executive Chairman, James Sinclair, played an integral part in the formation of the Code as a member of the Market Participants Group (MPG) and as co‐chair of the Examples Working Group.
James Sinclair, Executive Chairman of MarketFactory said “we are proud to support the Code and the principles of good conduct that it represents. We most strongly encourage other institutions, including banks, ECNs, brokers and funds with whom we work, as well as other technology providers, to to commit to the Code and to sign the the Statement of Commitment. “
Notes to editors:
MarketFactory is transforming the largest market in the world, foreign exchange. $1.3 quadrillion transacts annually over 100 independent venues. By integrating every API into a single rationalized view, MarketFactory enables banks, ECNs, brokers and funds to trade 100 to 25,000 times faster than their legacy systems. Thousands of hours of development and networking time is eliminated, allowing financial institutions to focus on pricing and client service. A mission‐critical technology partner to global banks and buy‐side firms, MarketFactory’s Pre‐Trade Risk Management solution prevents runaway algorithms, while its API‐as‐a‐Service allows any bank or fund to become a liquidity provider. For more information please contact info@marketfactory.com
Queries:
Please call James Sinclair directly on +1 917 543 2195 or email jsinclair@marketfactory.com
