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Foreign exchange contact group (FXCG)

The FXCG is a forum for interaction between the ECB and industry-wide market professionals involved in the wholesale foreign exchange (FX) market. The objective of the FXCG is to discuss developments in FX markets and share ideas and experiences on the structure and the functioning of the FX markets.

Members and composition

The chair is the Deputy Director General Market Operations of the ECB.

The FXCG is composed of representatives of the ECB as well as financial and other institutions with a prominent role in the area of foreign exchange.

The composition of the group is reviewed at the end of the calendar year. Foreign exchange market participants are welcome to express their interest in joining the Contact Group by submitting the application form and relevant documentation to the FXCG Secretariat at the latest by end November. To further enhance the diversity of our contact group, we particularly encourage institutions to nominate female representatives.

Observers

Representatives from the euro area national central banks, who have the status of observer, may follow the discussions in the group.

Other Foreign Exchange Committees

Links

Documents

Related information
2024
14 November


1 October


13 June


19 March

Agenda

2023
2022
2021
2020
2019
19 November
AgendaList of participantsSummaryItem 1a Structural developments in the FX market - BISItem 1b Structural developments in the FX market – CommerzbankItem 2a FX Global Code and the Global Foreign Exchange CommitteeItem 2b WMR FX Spot fixing – Credit SuisseItem 2c WMR FX Spot fixing - RefinitivItem 3 FX Outlook – Review of FX market developments and outlook -GS
24 September
AgendaList of participantsSummaryItem 1a Stock taking of execution algorithms – NBIMItem 1b Decision logic of execution algorithms – BNP ParibasItem 1b Decision logic of execution algorithms – HSBCItem 1c Execution algorithms and market functioning – RefinitivItem 1c Execution algorithms and market functioning – Goldman SachsItem 2 FX Global Code and Global Foreign Exchange CommitteeItem 3 FX Outlook – Review of FX markets developments and outlook – DWS
18 June
AgendaList of participantsSummaryItem 1a Best execution and transaction cost analysis – Deutsche BankItem 1b Best execution and transaction cost analysis – Union InvestmentItem 2a Anonymous FX platforms – trading practices and engagement – Credit SuisseItem 2b Anonymous FX platforms – trading practices and engagement – HSBCItem 3 FX Global Code and Global Foreign Exchange CommitteeItem 4 FX Outlook – review of FX market developments and outlook
20 March
AgendaList of participantsSummaryItem 1a - UK withdrawal from EU - key considerations for FX marketItem 1b - UK withdrawal from EU - key considerations for FX marketItem 2 - Review of FX markets developments and outlookItem 3 - Global Foreign Exchange CommitteeItem 4 - Update on euro interest rates benchmark reforms
2018
2017
2016
2015
2014
17 October
7 July
6 May
11 April
23 January
2013
24 October
13 June
31 January
2012
3 September
19 January
2011
5 October
8 June
2 February
2010
3 November
24 June
10 March
2009
8 December
8 September
10 June
10 March
2008
4 December
9 September
3 June
5 Februar
2007
21 November
4 September
23 May
6 February
2006
29 November
7 September
31 May
2 March

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