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 ABOUT THE CANADIAN FOREIGN EXCHANGE COMMITTEE
The Canadian Foreign Exchange Committee (CFEC) was founded in 1989. It is composed of senior officers from financial institutions actively involved in Canada's foreign exchange market and the Canadian dollar market globally. It also includes representatives from the inter-dealer electronic and voice brokers, the Bank of Canada and the Department of Finance. The president of the Financial Markets Association of Canada (FMAC) and the chair of the Canadian Committee for Professionalism (CCFP) are ex-officio members. The CFEC's objective is to provide a forum for the regular discussion of issues and developments pertinent to the foreign exchange market, including the review of market practices and procedures. More information on the CFEC can be found in its Document of Objectives and Organization.
The CFEC is the co-sponsor, with FMAC, of the CCFP. Formed in 1993, the CCFP's objective is to promote a high standard of professionalism and ethical conduct in the Canadian foreign exchange market. Information on the CCFP can be found in its Document of Organization. More recently, the CFEC has formed an Operations Managers Working Group (OMWG), which focuses on operational and back-office issues. The OMWG held their inaugural meeting in September 2003.
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Copyright © 2003. Canadian Foreign Exchange Committee.
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