ACI Financial Markets Association (ACIFMA)

ACI Financial Markets Association (ACI) is a leading global trade association representing the interests of the professional financial markets community. Established in 1955, ACI is focused on enhancing best market practice and supporting market participants to adhere to principles of ethical conduct. The ACI Model Code was acknowledged as the first industry-wide Code of Conduct for OTC/FX and related markets having been built on the original ACI Codes of Conduct from the 1970s. Updated subsequently to embrace the broader OTC community - and expanded from the dealing floor through to back office operations - the ACI Model Code strongly influenced many national Codes of Conduct and was retired in 2017 with the publication of the FX Global Code, the composition of which ACI participated in, along with various other Code of Conduct initiatives. As a condition of membership, all ACI members are required to accept the principles of behaviour and market practice contained in the FX Global Code and other market-applicable Codes of Conduct. ACI will be replacing the previous ACI Codes (including the Model Code) with Further Guidance and Recommended Best Practice advice in 2018.