THETRADETECHFX DAILY
the shift from human to automated execution, where responsibility now focuses on system design and evidence-based monitoring,” adding that,“ if issues do arise, responsibility should ultimately remain with the relevant business owner”. Timothee Consigny, chief technology officer at H20 Asset Management, previously spoke with The TRADE around the importance of prioritising governance when it comes to the future outlook for AI across the buy-side. He explained:“ Within three to five years, most firms, whether discretionary or systematic, will have some kind of AI component embedded in their investment process. The larger the organisation, the more difficult the transition can be because of governance, controls and policy frameworks.“[…] With traditional machine learning, it was mostly all about the data – you needed good data to get good outputs. But nowadays, it’ s much more about the user. You need people to understand what they are doing, whether that means asking the right questions, interpreting outputs properly or supervising the process critically.”
Addressing the empirical steps firms should take, GFXC participants encouraged businesses to align their practices with the Code’ s principles across the board – including when using autonomous systems.
Main points of focus included: the necessity of real time surveillance tools, trading under best practice principles despite process changes from innovation, and establishing new guardrails to ensure automated systems maintain proper governance throughout the entire trade lifecycle.
The GFXC further shared the thoughts of one panellist who emphasised:“ The value of a principles-based approach to governance,” further noting that,“ rapid technological developments, including in AI, could quickly render overly prescriptive firmlevel guidance outdated.”
The GFXC launched an FX Global Code Survey in August 2026 in a move aimed at measuring the effectiveness of the Code, with the subsequently collected information to be used to determine the scope of the next Code review.
In light of the irrevocable changes happening across the industry thanks to both technological advancements and participants’ eagerness to benefit from these innovations, attention will be firmly on industry groups like the GFXC as they work to guide the industry in the right direction.
The official newspaper of TradeTech FX 2026 TheTradeNews. com 13