The London Foreign Exchange Joint Standing Committee (FXJSC)

• FXJSC meeting minutes
• The Non-Investment Products Code (NIPs)
• FXJSC Paper on the Foreign Exchange Market
• Results of the Semi-Annual FX Turnover Surveys
• Review of the work of the London Foreign Exchange Joint Standing Committee
• Additional published documents

The London Foreign Exchange Joint Standing Committee (FX JSC) was established in 1973 under the auspices of the Bank of England, in the main part as a forum for banks and brokers to discuss broad market issues and the focus of the Committee's regular work remains issues of common concern to the different participants in the foreign exchange market. The Bank of England provides the Committee's Chairman and Secretary (contact telephone number: 020 7601 5982).

The Committee includes senior staff from many of the major banks operating in the foreign exchange market in London, as well as from voice- and electronic-brokers, corporate users of the foreign exchange market, the Financial Services Authority (FSA) and representatives from the British Bankers' Association, the Association of Corporate Treasurers and the Wholesale Market Brokers' Association.

One of the main responsibilities of the Committee is to maintain the Non-Investment Products Code. This is a voluntary code of good market practice which covers bullion, wholesale deposits as well as the FX market. It is maintained in conjunction with the Sterling Money Markets Liaison Group, the London Bullion Market Association, and certain trade associations.

An updated version of the NIPs Code was published in November 2011.

The Non-Investment Products Code (NIPs)

	The Non-Investment Products Code (NIPs) (248k) November 2011
	The Non-Investment Products Code (NIPs) (186k) April 2009
	The Non-Investment Products Code (NIPs) (204k) December 2007
	The Non-Investment Products Code (NIPs) (171k) January 2006			FXJSC Paper on the Foreign Exchange Market FXJSC Paper on the Foreign Exchange Market (137k) September 2009 Results of the Semi-Annual FX Turnover Surveys 2012 Results Results of the Semi-Annual FX Turnover Survey in April 201230 July 2012 April 2012 data tables (256k) 30 July 2012 April 2012 market share table (38k) 30 July 2012 October 2011 revised data tables (256k) October 2011 revised market share table (38k) April 2011 revised data tables (255k) October 2010 revised market share table (38k) 2011 Results   Results of the Semi-Annual FX Turnover Survey in October 2011 (34k) 6 February 2012   October 2011 data tables (256k) 6 February 2012   October 2011 market share table (38k) 6 February 2012   April 2011 revised data tables (256k)   April 2011 revised market share table (38k)   October 2010 revised data tables (256k)   October 2010 revised market share table (37k) Results of the Semi-Annual FX Turnover Survey in April 2011 (35k) 25 July 2011 April 2011 data tables (258k) 25 July 2011 April 2011 market share table (38k) 25 July 2011 October 2010 revised data tables (362k) October 2010 revised market share table (36k) April 2010 revised data tables (245k) April 2010 revised market share table (36k) 2010 Results Results of the Semi-Annual FX Turnover Survey in October 2010 (34k) 31 January 2011 October 2010 data tables (254k) 31 January 2011 October 2010 market share table (36k) 31 January 2011 April 2010 revised data tables (244k) April 2010 revised market share table (37k) October 2009 revised data tables (254k) October 2009 revised market share table (36k) Results of the Semi-Annual FX Turnover Survey in April 2010 (153k) 26 July 2010 April 2010 data tables (345k) 26 July 2010 April 2010 market share table (39k) 26 July 2010 October 2009 revised data tables (256k) October 2009 revised market share table (37k) April 2009 revised data tables (247k) April 2009 revised market share table (37k) 2009 Results Results of the Semi-Annual FX Turnover Survey in October 2009 (41k) 25 January 2010 October 2009 data tables (345k) 25 January 2010 October 2009 market share table (39k) 25 January 2010 Results of the Semi-Annual FX Turnover Survey in April 2009 (42k) 27 July 2009 April 2009 data tables (328k) 27 July 2009 April 2009 market share table (32k) 27 July 2009 October 2008 revised data tables (249k) 27 July 2009 Results of the Semi-Annual FX Turnover Survey in October 2008 (101k) 27 January 2009 October 2008 data tables (373k) 27 January 2009 April 2008 revised data tables (339k) 27 January 2009   A review of the work of the London Foreign Exchange Joint Standing Committee A review of the work of the London Foreign Exchange Joint Standing Committee in 2011 (47k) Published in the 2012 Q2 edition of the Quarterly Bulletin  London Foreign Exchange Joint Standing Committee Meeting Minutes Latest Minutes July 2012 (14k)  To see the previous minutes, show 2012  Show results 2011  Show results 2010  Show results 2009  Show results 2008  Show results 2007  Show results 2006  Show results 2005  Show results 2004  Show results 2003  Show results 2002  Show results 2001  Show results Additional published documents Statement Regarding Romanian Currency Conversion (107k) 31 May 2005 London FXJSC Global Operations Managers Conference 20-21 April 2005 Turkish Lira Conversion (64k) Joint Statement (FXJSC Ops Sub Group and FXC Ops Group) 7 December 2004 Open letter from the members of the FX JSC (322k) 28 May 2002   Reports from the E-Commerce subgroup: 2003 - E-Forex magazine version (152k) 2003 - Quarterly Bulletin version (54k) 2002 (87k) There are equivalent committees to the FXJSC in all of the major foreign exchange centres around the world. Details on the websites of these committees can be found in the following link: Links to Other International Foreign Exchange Committee Websites