ATP rallies to strengthen the global foreign exchange market

As the first Danish pension company, ATP has signed the FX Global Code which is a set of global principles of good practice in the foreign exchange market. Moreover, ATP got a seat on the Scandinavian FX Committee.

By signing up to the FX Global Code, ATP wants to help promote a robust, fair, liquid, open and appropriately transparent foreign exchange market for the benefit of all market participants – as defined as a 'leading principle' in the code.

The code is intended to serve as a supplement to local regulations with a set of common guidelines to help support positive development in the market.

"Unfortunately, we have seen a number of examples of irregularities in the foreign exchange market, which is inappropriate when we really need to ensure well-functioning exchange activities and high credibility. For this reason, it makes perfect sense for ATP to contribute to the promotion of these principles for ethical behaviour and support the development of a healthy exchange market," says Jan Ritter, Head of Hedging & Treasury at ATP.

ATP gets a seat on the Scandinavian FX Committee

As a supplement to signing up to the FX Global Code, ATP has also got a seat on the Scandinavian FX Global Code Committee. The Committee has representatives from various market players and from the Scandinavian central banks.

"By participating in the Scandinavian committee, we get the chance to discuss for instance market structure, handling of transaction data, etc. in a geographically relevant forum. At the same time, it is an excellent opportunity to strengthen and enhance our relationship with the central banks and other market participants”, says Thomas Bengtsson, Senior Portfolio Manager and ATP's representative on the committee.