FX Market Architecture Group

The MAG is a working group of the GFMA Global FX Division. Its principal remit is to promote common industry standards and workflows in response to the new international regulatory environment. As such, the group wishes to foster dialogue and discussion with a wide range of market participants, vendors, industry utilities and regulators.

The group works closely with other Trade Associations including ISDA in respect of other asset classes to harmonise cross-asset approaches where possible. Market participants are encouraged to communicate with the MAG on these, or any other related issues.

Correspondence

GFXD response to the CPMIs request for industry views on ‘Pushing the Frontiers of Payments’

February 2021 | Correspondence | Comment Letters

GFXD submits comments to the ECB on its ‘Questionnaire on a Digital Euro’

January 2021 | Correspondence | Comment Letters

Resources

MAG - Accelerated FX Settlement - FINAL July 2023

August 2023 | Policy Resource | Market Architecture Group

GFXD response to the CPMIs request for industry views on ‘Pushing the Frontiers of Payments’

February 2021 | Policy Resource | Market Architecture Group

GFXD submits comments to the ECB on its ‘Questionnaire on a Digital Euro’

January 2021 | Policy Resource | Market Architecture Group

First Steps Towards 24/7 FX Settlement Capabilities - Expanding Payment versus Payment (PvP) opportunities

March 2020 | Policy Resource | Market Architecture Group

Considerations relevant to initiatives and developments in wholesale FX settlements

September 2019 | Policy Resource | Market Architecture Group

GFXD recommendations for the provision of standardised broker and venue invoices

September 2019 | Policy Resource | Market Architecture Group

Agenda for GFMA FX Division Trading Venue Outreach (February 2019)

February 2019 | Policy Resource | Market Architecture Group

This Trading Venue (TV) outreach will be to discuss operational challenges arising from FX Trading Venues’ Brexit planning and to share feedback on Trading Venues/banks needs and expectations in the planning process.

Agenda for GFMA FX Division Trading Venue Outreach (October 2018)

October 2018 | Policy Resource | Market Architecture Group

This Trading Venue (TV) outreach will be to discuss operational challenges arising from FX Trading Venues’ Brexit planning and share information on Trading Venues/banks needs and expectations in the planning process.

GFMA FX Division recommendations for the promotion of interoperability between new technologies and service providers

September 2018 | Policy Resource | Market Architecture Group

GFXD recommendations for the promotion of interoperability between new technologies and service providers.

Agenda for MAG/MiFID Vendor Outreach (June 2017)

June 2017 | Policy Resource | Market Architecture Group

Invitation to Two MAG/MiFID Vendor Outreach Meetings (June 2017)

June 2017 | Policy Resource | Market Architecture Group

The Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) will be hosting two vendor outreach sessions of its Market Architecture Group and MiFID Working Group to discuss issues related to the implementation of MiFID.

Invitation to MAG/MiFID Vendor Outreach (February 2017)

February 2017 | Policy Resource | Market Architecture Group

The Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) will be hosting a vendor outreach of its Market Architecture Group and MiFID Working Group to discuss issues related to the implementation of MiFID.