Siege FX Commits to FX Global Code on First Anniversary
Posted by Colin Lambert. Last updated: March 2, 2022
Siege FX has signed a Statement of Commitment to the FX Global Code and published in on the CLS register as it hits its first anniversary of operations.
Having gone live with 30 firms, Siege says it now has over 50 market participants accessing its spot FX mid-matching pool and is integrated with two EMS platforms with a third being added. Additionally, it has received its ISO 27001 certification for information security. Participants are able to net offsetting orders before going to more public markets, trades are netted at the New Change FX benchmark mid-rate and materialised on Deutsche Boerse’s 360TGTX platform.
Looking ahead, Siege says it will continue to execute on its plan to open more access channels and grow participation in the mid-matching pool, while simultaneously leveraging its agile technology to add instruments and launch new services.
“As the COO of a dynamic and fast-moving tech company, I am proud that the FX Global Code and ISO27001 are at the heart of our client delivery,” says Tina Kokkinos, Siege FX COO.