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FX Committee Weighs Stablecoins and AI in 2027 Code Review
Global FX Committee to update trading rules with AI and stablecoins by 2027.
In brief
Global FX Committee to update trading rules with AI and stablecoins by 2027. The Global Foreign Exchange Committee plans to review the FX Global Code in 2027, potentially incorporating stablecoins and AI into voluntary standards for wholesale currency trading. Originally reported by TokenPost.
GFXC reviews FX code for 2027
The Global Foreign Exchange Committee is examining stablecoins and artificial intelligence as it prepares to review the FX Global Code in 2027.
Technology group assesses automation impact
The committee’s technology group is assessing how growing automation could affect the market and covers central bank digital currencies and tokenized assets.
No new rules from June meeting
At a June meeting, participants discussed firms’ responsibility for automated trade execution but did not produce a new rule or code amendment.
AI volatility warning from Bank of England
Bank of England Deputy Governor Sarah Breeden warned that ai agents responding to similar triggers could amplify market volatility during stress.
“could amplify volatility in stress”
The key point
The Global Foreign Exchange Committee plans to review the FX Global Code in 2027, potentially incorporating stablecoins and AI into voluntary standards for wholesale currency trading.
