London Stock Exchange welcomes Foreign Exchange Dealers’ Association of India Dignitaries
London Stock Exchange welcomed dignitaries from the Foreign Exchange Dealers’ Association of India (FEDAI) to participate in the market close ceremony on March 8th, 2024, coinciding with FEDAI’s 18th Annual Conference taking place in London.
FEDAI, established in 1958 as a self-regulatory body for banks dealing in foreign exchange in India, plays a significant role in framing rules for inter-bank foreign exchange transactions and liaising with the Reserve Bank of India for market reforms.
The presence of FEDAI delegates at the London signifies the association’s engagement with global financial markets and its commitment to fostering collaboration and sharing insights on the latest developments in the foreign exchange market. The conference serves as a platform for representatives from FEDAI member banks to exchange views with industry experts and regulators, including senior officials from the Reserve Bank of India, CCIL, FBIL and FIMMDA. As delegates gather to explore opportunities and challenges in the foreign exchange market, the event highlights London’s position as a hub for trading, lending, and investing on the global stage.
The visit concluded with a sense of optimism and anticipation for future collaborations between FEDAI and LSEG. As both entities remain committed to driving innovation and fostering growth in the financial sector.
