FX Standards Evaluation Group
Scope of the FX SEG
The scope of the FX SEG includes the messages supporting transactions and business processes related to the following non-exhaustive list of currency contracts:
- Spot FX
- Forward FX (including non-deliverable trades)
- FX swaps
- Currency options (vanilla as well as exotic)
Business areas include
- Pre-trade (Indications Of Interests, quotes, etc.)
- Trade (ordering, executions, allocations, affirmations, etc.)
- Post-trade (confirmations, matching, assignment, novations, etc.)
- Notification of trades to third-parties
- Trigger events, option exercises
- Clearing and settlement (including netting and related reporting)
- Trade reporting and reconciliation
Actors involved include
- Investment managers and hedge funds
- Dealers (currency market makers)
- Custodians
- Money brokers
- CLS and CLS settlement members (dealers)
- Trading portals and matching services providers
- Associations providing rules and master agreements (e.g. ICOM and ISDA agreements)
- Application providers
SEG leadership team
- Convenor: Mr. Zaiyue Xu
- Vice convenor: Mr. Stuart Buckley
- Secretary: Mr. Joe Halberstadt