Written on: 30 June 2016

London, 30 June 2016. The FICC Markets Standards Board (“FMSB”) has today published its first standard aimed at improving conduct in the wholesale Fixed Income, Currency and Commodities (“FICC”) markets.

The standard, which is being issued in draft form for comment, covers reference price transactions in the fixed income rates markets.

Fixed Income reference price transactions, involve agreeing all aspects of a transaction except price which is set later based on a pre-agreed reference price.

The FMSB is issuing the standard in draft form to provide an opportunity for public comment ahead of final ratification and issuance.

The FMSB is seeking comment from interested parties on the new standard over the summer.

Submissions should be sent to standards@fmsb.com by midday (12:00pm BST), Thursday 8th September, 2016.

A final version of the standard will be published by the FMSB after evaluating public comments.

– ENDS –

Recent posts:

AFMA join us

We welcome Australian Financial Markets Association (AFMA) as an Affiliate Member of FMSB. AFMA shares many goals with us, including promoting market efficiency and integrity. AFMA is member-led and represents a large number of participants in Australia’s financial...

read more

FMSB publishes Precious Metals Compendium

A compendium of FMSB’s work on precious metals markets collates all three published FMSB Spotlight Reviews on these markets into one document, Compendium: Precious Metals Markets Evolution. The compendium includes forewords from the World Gold Council’s CEO, David...

read more