ACI Dealing Certificate Practice Questions - ACI Financial Markets Association Dealing Certificate Exam

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According to the FX Global Code, what is the primary objective of the voluntary guidelines provided to market participants?

To enforce legally binding criminal penalties for unfair trading practices in the wholesale FX market To promote a robust, fair, liquid, open, and appropriately transparent foreign exchange market To dictate fixed exchange rates and bid-ask spreads for major currency pairs globally To eliminate the use of electronic trading platforms and algorithmic execution in wholesale markets

Correct Answer:

To promote a robust, fair, liquid, open, and appropriately transparent foreign exchange market

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