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ACI UK News and Coming Events!


Message from ACI FMA President, Marshall Bailey, following ACI Global Congress, Milan, February 2015

Click here for full details on: Enhanced and expanded Model Code, ACI FMA Model Code e-Learning and Certification Portal (ELAC Portal), new ACI Diploma, new Regional Presidents.


ACI International - Chair of Board of Education (BoE) vacancy - application details here.
Deadline 13 March 2015.


ACI UK Financial Markets and Dealing Simulation Course

Next course: 1-5 June 2015: Register now - early bird discount to March 20th! Venue: Marriott Bexleyheath

The fastest and most interactive way to understand the trading dynamics and relationships of FX and OTC markets, with intensive hands-on trading in a simulated environment (in the roles of broker, dealer and client) and informative presentations from industry experts on the strategies, principles and requirements of trading from technical and risk analysis to more complex FX Options strategies, this unique Course provides and invaluable insight into the FX/OTC financial markets.
Book your place now!


SAVE THE DATE! 

Register now for the ACI UK Square Mile Debate, Thursday 5 March, from 5.30 to 9.30 p.m.

Market Integrity: Regulation or Conduct?
Panel debate followed by Reception

Join ACI UK, in association with WMBA, at The Gibson Hall for this important industry debate. Joining Marshall Bailey, President, ACI International and Alex McDonald, CEO, WMBA on our distinguished panel are:

• Guy-Charles Marhic, FXCG Secretariat, ECB
• Patrick Fleur, Head of Execution and Trading, PGGM
• Richard Metcalfe, Director, Regulatory Affairs, Investment Association
• Gavin Wells, CEO, ForexClear, LCH.Clearnet

Click here to register


Other forthcoming events:


FXInvest Europe, 24th February - Marshall Bailey, ACI President - keynote speaker

Marshall Bailey, global ACI President, will be making a keynote presentation at the 8th Annual FXInvest Europe conference in Frankfurt, February 24th, on the following:
- To what extent will the FSB findings and the FEMR restore confidence between asset managers and service providers and in the wider market as a whole?
- How can transparency be increased when fixing benchmark rates
- Examining the impact of regulation on the FX market
- Progressive evolution vs reform
- Are we witnessing the end to the era of light-touch forex regulation- will regulators take punitive action against non-compliant firms?

Full programme: www.fxinvesteurope.com/
Brochure download: www.fxinvesteurope.com/static/brochure-download-1
Registration link: www.fxinvesteurope.com/static/book-now



AFME Liquidity Conference, 25th February - special discount for ACI members

Through our close partnership with the Global FX Division of GFMA, we are very pleased to be able to offer ACI UK members a special discount to attend the 10th Annual European Market Liquidity Conference taking place in London on 25 February 2015.   To take advantage of this exclusive discount, enter the promotional code 'ACI' when completing your registration and recieve the AFME member rate of £625.00 (standard non-AFME member rate £800.00).   

Full programme:  www.afme.eu/Events/2015/Market-Liquidity/Agenda/
Registration link: www.afme.eu/Events/2015/Market-Liquidity/Registration/



ACI UK 2014 Year End Review <-click here to read




ACI UK Financial Markets and Dealing Simulation Course

Next course: 1-5 June 2015: Register now - early bird discount to March 20th! Venue: Marriott Bexleyheath

The 2015 ACI UK Dealing Simulation Course, run in association with ACI Australia, will take place from 1-5 June 2015 at the Marriott Hotel, Bexleyheath. This unique 5-day residential course combines intensive, hands-on trading experience (from the perspective of a bank, broker and client) in a sophisticated, simulated dealing environment with presentations from industry experts and market practitioners on all aspects of the FX/OTC financial markets. Topics covered include trading strategies, technical analysis, relationship management, prime broking, clearing, regulation, risk management and the ACI Model Code. Individuals from trading environments (banks, brokers, fund managers, corporate treasuries), middle and back offices, risk, regulatory and compliance teams will benefit enormously from this intensive learning experience. This course has Continuing Professional Developmment accreditation (www.cpd.co.uk).

For more information about this Course,click here.



ACI UK Membership

The membership renewal process for 2015 is underway and all members are required to pay their annual subscription (runs from January 1 to December 31). This remains at the very reasonable sum of £100 per annum and gives members access to a full calendar of business, social and charity events throughout the year. Please click here to renew your subscription now.

Having emphasised the importance of the Model Code, it goes without saying that to demonstrate our relevance we must maintain and grow our membership, particularly in major financial centres like London. We're pleased to say that UK membership has increased, year on year, for the past few years. In proportion to the size of the UK market, however, it should be a much larger number than it is. It's particularly vital that banking and broking professionals support their industry association - not least because ACI remains the only trade association to represent the interests of individuals not organisations. We would be delighted to come in to explain our role and the benefits of ACI membership to your colleagues and managers. Please contact us now to set up a meeting.



ACI UK Sponsorship

It's often said, but we really couldn't deliver our business, social and charitable events without the generous contribution of sponsors. As such, we are immensely grateful for the support we received from UK sponsors in 2014 and we'd like to take this opportunity to thank Bloomberg, CLS, CME, Dealhub, DSquare, EBS/ICAP, Eurex, Equinix, Gain GTX, LCH Clearnet, LMAX, Markit, ParFX, RBS, SEB and Software AG for their contribution to - and participation in - ACI UK events in 2014. We will be approaching existing and new sponsors over the coming weeks to seek your commitment in 2015 in order to deliver a very full calendar of activities - business and social - for the benefit of members in 2015. For more information about sponsorship opportunities in 2015, please contact Tina Kane.



ACI UK Education

We are delighted to confirm that in 2014 ACI UK became members of The CPD Certification Service and achieved independent accreditation for ACI qualifications taken in the UK, including the new Model Code Certificate and most recently, the ACI UK Dealing Simulation Course. We are further delighted to announce that Oliver Madden, ACI UK Education Secretary, has been appointed to the ACI Board of Education, in which capacity he will continue to drive industry awareness and takeup of these valuable and relevant qualifications. In the new year, we will host a series of Lunch and Learns to highlight the value and benefits of ACI qualification/accreditation. For more information about ACI examinations click here. To find out about the ACI Education Programme generally, please contact Oliver Madden.



ACI UK Charity

- Annual ACI UK Charity Golf Day 2015 - the 17th Charity Golf Day will take place on Monday 15 June 2015. The 2014 event raised over £38,000 for Variety - the Children's Charity and funded another Sunshine Coach for disadvantaged/disabled children in the UK as well as the Variety Big Top Christmas children's party. We hope to match, if not exceed, this sum in 2015. Watch out for more information about this fabulous event.

- Futures for Kids - Walk to Work and FFK Day - May 15 2015 - in addition to Variety, we also support Futures for Kids and look forward to being active participants in the 2015 Walk to Work and FFK Day on May 15 2015. We will send out more detailed information in the New Year but you can find out more about how you can participate directly (and indirectly through sponsorship) here.

Charity is one of the cornerstones of our activity and we are delighted to have continued our strong tradition of fund-raising and charitable support in 2014.



ACI UK Community - Networking Events

ACI UK leading the debate at key industry events
In recent months ACI UK President Morgan McDonnell has spoken at a number of industry events including September's Eurofinance Budapest 2014. Click here to view his presentation. On 20 November, he joined a panel of experts at the annual Recent Developments in the Market Abuse Regime conference, discussing FX Benchmarking ce (City and Financial Global).
Marshall Bailey, ACI global president will speak at the forthcoming FXInvest Europe, Frankfurt, February 2015. To discuss ACI UK participation in your event, contact Jake Smith.


The final report and recommendations of the Financial Stability Board Benchmark Consultation were published yesterday following consultation with industry bodies and trade associations including ACI. Amongst its recommendations was 'stronger demonstration by market participants of compliance with the codes of the various foreign exchange committees as well as internal codes of conduct.....stronger demonstration of compliance could also take the form of yearly reconfirmation of the codes (both internal and external) by sales and traders through specific training and regular exams'. The Report goes on to say 'We would expect more public endorsement of the codes by various foreign exchange committees and their member banks' and specifically acknowledges that the ACI Model Code is already used in many jurisdictions.


Contact ACI UK for more information about implementing the ACI Model Code and/or to discuss ACI's suite of accredited exams, including the ACI Model Code Certificate.


ACI Responds to FSB Consultation on Benchmarking
The ACI Foreign Exchange Committee (ACI FXC) has provided feedback and recommendations on the role and use of benchmarks. ACI's full response is here. To discuss the adoption and application of the ACI Model Code within your organisation, contact Morgan McDonnell, ACI UK President and/or Sue Attwood, ACI UK Managing Director. For more details, click here.


ACI Exam Suite accredited in UK for Continuing Professional Development.
CPDUK has assessed and certified the ACI Dealing Certificate, ACI Operations Certificate and ACI Model Code Certificate - and now the ACI Dealing Simulation Course - as meeting established global principles for Continuing Professional Development. For more information contact Oliver Madden. To learn more about ACI qualification, click here.


"Every ACI member accepts the principles of market practice and behaviour set out in the Model Code as a condition of membership"

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Find out more about ACI UK

ACI UK 2014 presentation

ACI 2014 brochure

ACI Exam Suite

ACI UK Dealing Simulation Course