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Release of ACI Diploma New Version

Dear ACI members,

The ACI Diploma New Version is now live for exam bookings.

Our Board of Education has decided to create the ACI Diploma New Version in order to streamline the structure of all our exams into five Topic Baskets - the ACI Diploma New Version is the first to have this structure, and the others will follow suit.

Please note that:
* Initially, the ACI Diploma New Version will be available in English, the German version will follow suit
* There is no additional content in the Syllabus of the ACI Diploma New Version (when compared to the ACI Diploma)
* There are no learning objectives for technical analysis and risk management calculations in the ACI Diploma New Version
* The ACI Diploma New Version has 5 Topic Baskets whilst the ACI Diploma remains with 18 Topic Baskets
* The Examination Procedure of the ACI Diploma New Version is different from that of the ACI Diploma
* There are no Topic Baskets exclusively with calculations in the ACI Diploma New Version
* There are no different marks per question in the ACI Diploma New Version (each correctly answered question is awarded with one mark)

Both the ACI Diploma and the ACI Diploma New Version will co-exist for a minimum period of 6 months and then the ACI Diploma will be officially retired (the exact date will be communicated).

We appreciate your support and please feel free to contact us if you have any queries.

All the best.
ACI Belgium

ACI Bicycle Tour - Save the Date!

Dear ACI Belgium members,

We are pleased to inform you about ACI Belgium's upcoming Bicycle Tour Event at the North sea.

This event will take place on << Saturday September 14 >> and will be open for members and there partners.

We will cycle along the beautiful coast in "Het Zwin" and grab a tasteful bite along the way.

You will be offered the choice to ride a normal or an electric bicycle.

More info will follow soon, but please, save the date already!

Kind regards,
ACI Belgium

IMPORTANT UPDATE for the ACI and ICMA Economic Summit and New Year's Event

Dear ACI friends,

Please note that we decided to change the date of our Economic Summit and New Years Event, due to a conflict with the annual New Year Ceremony of Euroclear, our loyal sponsor over years.

The new date will be 31/01/2019, so please update your agenda!

Please accept our sincere apologies for any inconvenience caused.

Please visit our Events page for more info.

Hoping to see you there !!

Best regards,
The ACI Team

In Memoriam - Paul Chapell, ACI FMA Director of Education

It is with great sadness that we announce that Paul Chappell, ACI FMA Director of Education and ACI UK Executive Committee Member, passed away on Sunday 24 June after a short illness.

A long-standing and active participant of ACI FMAs Foreign Exchange Committee, in the past few years Paul had stepped up his involvement in ACI FMA activities considerably, first joining the ACI UK Executive Committee to support its local efforts and then, in 2017, becoming ACI FMAs first full time Director of Education. In this role, he worked tirelessly to promote ACI FMAs services in support of the new Global Code and to continue ACI FMAs influence in guiding industry best practice. He was especially engaged with ongoing industry debate around last look, chairing the ACI FMA Working Group on the subject and bringing a voice of reason to this controversial topic.

At a time when he could have taken life much more easily he chose instead to embark on this new ACI FMA career, travelling extensively to spread the word at industry conferences and events, meeting regulators and industry groups across the globe, and supporting ACI National Associations.

Paul was the epitome of an industry veteran, having enjoyed a long, illustrious and varied career in financial markets. He was, particularly, at the forefront of the modern foreign exchange industry, initially on the sell side with roles at Chemical Bank and for a long period, Bank of America, where in the late 80s and early 90s he was a major influence in the development, launch and take up of EBS (Electronic Broking Services) and created C-View, an FCA-regulated Investment Manager Firm.

ACI FMA is most fortunate and thankful to have had the benefit of Paul s vast industry knowledge and market expertise; in the short time he was our first Director of Education he had already made an enormous difference to our organisation. We will endeavour to carry on what he started and will continue to honour his participation and contribution to ACI FMA. Rest in peace Paul.

Bruno Langfritz

ACI FMA Chairman

AFME Annual liquidity conference

Through our close partnership with the Global FX Division of GFMA, we are pleased to announce that ACI members are able to access the special discount for the AFME Annual Liquidity Conference to be held in London on 25 February.

A promotional code has now been set up for ACI members.When completing your registration you should enter in the promotion code 'ACI' to make sure you obtain a discount (AFME member rate).

Please access the following link for details and registration:

This promises to be a fascinating series of discussions and an important event. Please pass along this opportunity to your ACI members. This opportunity is an example of the benefits of our major network of professional wholesale market participants.

ACI Board Bell Ceremony

Our president together with the ICMA president ringing the Euronext closing bell at our 2015 economic summit.

ACI World Congress 2015

Next years congress will be held in Milan Italy. Cheaper registration fees for early sign ups are available.

For all relevant info please visit:

AFME Annual liquidity conference

Through our close partnership with the Global FX Division of GFMA, we are pleased to announce that ACI members are able to access the special discount for the AFME Annual Liquidity Conference to be held in London on 25 February.

A promotional code has now been set up for ACI members.When completing your registration you should enter in the promotion code ‘ACI’ to make sure you obtain a discount (AFME member rate).

Please access the following link for details and registration:

This promises to be a fascinating series of discussions and an important event. Please pass along this opportunity to your ACI members. This opportunity is an example of the benefits of our major network of professional wholesale market participants.

Dealing Simulation Course

Dealing Simulation Course
25th-29th June 2012
In Association with ACI Australia

The Course
The Dealing Simulation Course teaches physical trading techniques through experiencing the hectic demands of a dealer's job, in a realistic and responsible environment. Delegates will utilise the latest technology, including an electronic broking and option pricing module as well as voice brokers to truly replicate the dealing experience. Counterparties include banks, hedge funds, corporates, asset management and Central Banks, all of whom react to a variety of news and economic headlines generated by a scrolling news service. The course does not use pre planned scenarios, all events are generated in realtime.

The only hands on simulation dealing course of its kind in the world. No other program
currently available offers such a practical and realistic trading platform, whilst encouraging teamwork and healthy competitiveness. Participants truly experience the life of a trader over several intensive days.

Delegates will trade in FX spot and options.

The Course is run in accordance with the internationally recognised dealer's Code of Conduct which encourages best practice, integrity and professionalism in trading the OTC markets.

Enquiries to

Places are limited.

50th ACI World Congress, Budapest 26-28 May, 2011

Celebrating Past - Hungry for Future
Dear ACI Member or future delegate of the 50th ACI World Congress,

We are hosting the 50th ACI World Congress in 2011 in Budapest, Hungary where hereby we would kindly invite you.

This anniversary event would give us a good opportunity to look back a bit, remember the "good old days" and also to see what the future holds - as the main topic of our Congress.

During the three-day event through introducing the current money market products and services, exhibitors can meet potential decision-makers and 600-800 experienced professionals with whom they can start building new partner connections. It is a great opportunity to introduce and promote your company, and also to deepen your existing business relations.
Among our keynote speakers you can find
Nouriel Roubini, Professor New York University, Chairman, Roubini Global Economics, Alexandre Lamfalussy, Former General Manager of the Bank for International Settlements and Former President of the European Monetary Institute,
Presidents of Central European National Banks,
just to mention a few significant professionals.

We already have a big number of prominent sponsors and exhibitors so the 50th ACI World Congress will be a true professional paradise!

We would like to make this Congress a real memorable event for you, therefore we made sure that our social programmes are one-of-a-kind, too and will be remembered for a long time!

Kindly forward our invitation to your team members, colleagues and other ACI members of your country.

We are looking forward to welcoming you in Budapest!

Yours sincerely,

ACI World Congress Organising Committee

For any further information please visit our website:
Or contact us: We are happy to assist you!

ACI Press Release - ACIFXC supports the progress in the elimination of settlement risk

1) Press Release: ACIFXC supports the progress in the elimination of settlement risk
Please take attached the pdf info

2) US: FX Options will be regulated in the US
Furthermore, here below the latest news from the US: FX Options will be regulated in the US
Please take a look to following link:

ACI still tries at the US-Treasury and the EC to achieve an exemption for FX Swaps and Forwards.

3) ACI & NovaRes - ANNUAL PLANNER 2011 for the next month's policy events
Attached the yearplanner about international policy deadlines/announcements. We are also trying to place this matrix on our web.

New ACI Diploma and Operations Certificate

Our Board of Education together with our educational partner, the FrankfurtSchoolof Finance & Management, has revised our suite of examinations to reflect new developments in the financial markets. After launching the new ACI Operations Certificate in 2008, we have reshaped the ACI Diploma to reflect the increasingly global nature of markets, as well as the wider skill set now required at the top of the financial markets industry.


The re-launch of the Diploma was announced by Andreas Emser, ACI Director of Education, during a recent Council meeting of the association in Cape Town, South Africa. The English version of the Diploma has been available since April 15, 2009 under the new Prometric Code 3I0-009. A German version of the Diploma will be available starting in July of this year.


Please note that operations staff who hold the ACI Operations Certificate are now eligible to sit for the ACI Diploma, whereas previously the examination was only open to holders of the ACI Dealing Certificate.


These changes reflect ACI's commitment to a fully up-to-date suite of qualifying exams that reflects the needs of our industry. Finally, we would like to take this opportunity to ask you to help us in getting the word out about these new developments in our programme going forward.


For more information about our certificates and the new ACI Diploma please visit our website at:

ACI Briefing March

The March issue of the ACI Briefing is now available on:

ACI Briefing Oct

The September issue of the ACI Briefing is now available on our website which you can view on:

Autumn event: Carting


Following the survey we held among our members, the board decided to organize a Carting in the Autumn.

This event will be sponsored by Finacor Belgium.

Board Elections

Dear All,

On Nov. 12th, the board decided to keep all responsabilities as they were before.

New By-Laws Approved

Dear ACI Members,

During our second extraordinairy meeting of last monday, the new by-laws of ACI- Belgium were approved.

Soon they will be published on this website.

ACI Dealing Simulation Course

This course is designed for junior dealers, back- and middle office employees, market related personnel and service providers.

The course teaches fundamental techniques that apply to the over-the-counter (OTC) market, with a focus on delivering tangible dealing skills and knowledge of the financial markets.

All members will receive an invitation.

ACI Briefing July 2007

The last briefing on

47th ACI World Congress 2008 in Vienna

To all National Associations and Excom Members,



Dear fellow councillors, dear ACI friends,


One year to go from now! The Organizing Committee for the 47th ACI World Congress in Vienna 2008 is working hard and we assure you to give our very best.


Please assist us in our efforts by linking the ACI-World Congress Logo with your respective ACI-Homepages. You´llfind it under


Many thanks in advance.


See you soon


Franz Gruber

Secretary ACI-Austria

Chairman Organizing Committee ACI-World Congress Vienna 2008

ACI Briefing Feb/March

The last ACI briefing is available on

Repo Market Course May 23-24th

The Professional Repo Market Course is an educational initiative aimed at promoting
the orderly growth and development of the European repo markets by advancing the
professional competence of the individuals active in these markets. More specifically,
the course aims to provide a comprehensive and practical understanding of the repo
product and its uses, the European repo markets and their conventions, operational
and legal issues, as well as the regulatory and accounting framework.
As a prominent international financial centre, Russia is a particularly appropriate
venue for this year’s ICMA-NSMA Professional Repo Market Course. This is the first
introduction of the course to the Russian financial community.
The course is sponsored by ICMA’s European Repo Council (ERC) and NSMA - the
SRO National Securities Market Association in Russia. To reflect the international
nature of the markets, additional support has also been received by ACI The
Financial Markets Association, ACI Russia, SIFMA and NFEA. The teaching faculty
includes experienced market practitioners, legal professionals, high-level academics
as well as central bank officials. The course is being coordinated by the ICMA Centre
at the University of Reading in England.
Now in its sixth year, the course has been organised in response to strong demand
from members of ICMA and NSMA following the success of the previous events,
which received excellent feedback. ICMA, NSMA and their event partners are pleased
to be able to offer this course to their members at reduced rates, reinforcing the
commitment of both organisations to market education.

Go to links and the ACI website for more details.

ACI UK Dealing course

Dear members,

ACI UK organizes a 5 day dealing course during the month of March.

If you would like to attend, you can register via or call Sue Attwood on 00 44 7884 361725.

You could also have a look on the UK website,


Your Board.

Events for 2007

Dear Forexmembers,

The Board of ACI Belgium is pleased to announce the following events for 2007:

Jan 25th: Economic Summit at the Stock Exchange.

April 21st: Family Day at Bobbejaanland.

June 2nd: Golf Clinic (near Brussels).

Sep 8th: Sailing Day in Wemeldinge.

Oct 5th: AGM at Fortisbank Brussels.

Hope to see You all there !!

Results inquiry AGM

Dear All,

Here are the results of the inquiry we did on our AGM concerning social events for 2007:

Out of 75 participants 29 chose to organise a golf clinic, 15 for a sailing event and 12 for a day fishing on the North Sea.
Far behind came wine tasting (3), brewery visit and tasting (2) and paintball (2). Other suggestions were karting, concert, indoor ski, tennis, bikeride and balloonflight.

We also asked the audience how we could best fit their expectations for the family day and there 27 chose for an adventurous day, 20 for a day in an attraction parc and 16 for a visit in a zoo (same as dealingrooms...).

ACI Briefing September

Hello ACI Members,

On you can find the September ACI Briefing.

Please click via links to

2007 ACI World Congress

See under events.

Economic Summit 2006: Results Inquiry

Dear Forex Members,

Here are the snapshots taken on June 30th at 4PM Brussels time:

EUR/USD: 1.2768
STOXX50: 3372
EURIBOR 6M: 3.245

The winners will be announced and rewarded at the AGM on October 6th.

Global Financial Markets Seminar Brussels

This 3 day seminar is jointly organized with ICMA Belgian region and ACI Belgium.

It is intended for people active in the operations (middle- and back-office), audit, risk management, compliance, and junior traders and dealers.

ACI Briefing Feb/March

Dear Members,

If you are interested to read the ACI Briefing from February and March, please go to the following address:

Enjoy !

Basel 2 : The PP-presentations...

Dear Forexfriends,

For those who missed our event on Basel 2 we offer you both Powerpoint Presentations.

Enjoy your reading !

La réforme de Bâle II - Principes de traitement du risque de crédit
Bâle 2 & les entreprises - La vision du banquier

ACI's 50th Anniversary Book - Buy Now !

You can buy the ACI's 50th Anniversary Book via ACI Belgium.

The book contains 196 pages including 32 pages of photographs.

It costs 10 Eur.

Once A Dealer... ...Always A Dealer.

Griet Rooryck appointed as new board member

Dear ACI collegues,

During the last AGM, Griet Rooryck was elected as board member of ACI Belgium.
Griet works for Fortis Bank and she will join our Educational Events Team.

ICMA - ACI Repo Market Course Nov. 15-16

Dear Forexmembers,

All details on this course can be found on the global ACI website ( go to submenu *links* and click through ).

Winners of the Economic Summit contest

Here are the winners of our small forecast game at the Economic Summit in February:

Spot: Bart Goethals of KBC Bank est. 1.2055 ( act. 1.2082 )

Stoxx 50 : Isabelle Thomas of Reuters est. 3080 ( act. 3054.59 )

Euribor 6M : Luc Smolders of KBC Bank est. 2.09 ( act. 2.0970 )

The winners received a trophy and a bottle of champagne at our AGM.

Congratulations !!!!!!!!

Economic Summit: Results Inquiry

Dear Forex Members:

Here are the snapshots taken on June 30th at 4PM Brussels time:

EUR/USD: 1.2082
STOXX50: 3054.59
EURIBOR 6M : 2.0970

The winners will be announced and awarded at the AGM on September 30th.

Jacques Markowicz appointed as honourary member

On June 1st, the Board of ACI Belgium appointed Mr. Jacques Markowicz as honourary member of our association.
Jacques became Board member in 1996.
Untill his retirement on pension last year he was head of education.
The board wishes to thank Jacques for all he has done for ACI Belgium and therefore they appointed him as honourary member.

Farewell to Dominique

Dominique Corombelle, Board member and co head of education, recently left the financial markets.
As our statutes clearly point out that any member of our organisation has to work in the above mentioned markets, Dominique had to leave the Board of ACI Belgium.
The Board wishes to thank Dominique for the work he did for ACI Belgium.
Good luck Dominique in your new job at Fortis Bank !!!

Pictures of the Economic Summit

Hi Folks,

You can find the pictures of the Economic Summit under Reports.

Economic Summit: Average Forecasts and Powerpoint Presentations

Dear ACI members,

For those who were there last thursday and filled in the paper:

Here are the average forecasts
of the poll we did (prices at end of June this year):

EUR/USD: 1.3074 ( wonder what the FX-spot dealers will do during the coming 4 months ???)

STOXX50: 3191.37 ( quite bullish even before Etienne's speech )

6M EURIBOR: 2.2781

Winners will be awarded at the AGM on SEP 30th !!!!

Hereunder you can also find the contents of the 4 Powerpoint presentations:

US Economic Outlook
EMU Rates and Yields
The EUR vs the USD

2005 ACI-Belgium Program

Dear Forexmembers,

Hereby we pass you a rough version of the ACI-Belgium program for 2005:

End of January: Informal Get Together
Feb 17: Economic Summit
Beginning of March: Chief Dealers Lunch
March 10: Bowling (Sportopolis)
April 30: Family Day
Mid May:World Bank Exposé
June: Karting
Sep 30: AGM 2005
Oct: Basel II exposé
Mid Nov: Informal Get Together
End of Nov: Exposé about a 'Hot Topic'

More info to follow !!!!!!!!!

European Union Working Group: ACI answer published.

The European Commision has published the answers to the Expert Group on Securities Public Consultation. Among them is the ACI answer to the Commission.

These remarks can be seen on:

Mr. Vincent de Smet elected as new president of ACI Belgium.

On the first board-meeting Mr. Vincent de Smet was elected as new president of ACI Belgium.

Congratulations !!!

Other mandates:

Vice-president: Mr. Alain Strapart.
Secretary: Mr. Marc De Bosscher.
Treasurer: Mr. Bart Goethals.
co Head of Education: Mr. Dominique Corombelle.
co Head of Education: Mr. Jean-Marc Anciaux.
Head of Social Events: Mr. Franck Goethals.

New Board Installed

On Oct. 13th the new ACI Belgium Board was installed.

The board welcomed the new members who got elected on the last AGM in Luxembourg: Mr. André Van Laer ( Euroclear Bank ), Mr. Jean-Marc Anciaux ( ING Bank ) and Mr. Axel Tavernier ( Dexia Bank ).

The board also wished to thank following board members who ended their mandate: Mr. Godfried Devidts (former president who left for ACI Int.), Mr. Jacques Markowicz and Mr. Jacques Vandenbossche ( who both retired on pension).

September ACI Briefing released.

To access the September ACI Briefing PDF please use the following address :

or use the link with
ACI - The Financial Markets Association

Dominique Corombelle representative in the recently formed European Union Working Group

ACI Belgium is a member of the European Union Working Group.

On August 26th, ACI The Financial Markets Association formed a new group in charge of all relations with the European Commission in financial markets matters. Following ACI members form the group:

Mr. Enrique Prados, Chairman, Gesmosa Madrid.
Mr. José Brito, Caixa Gerald Lisbon.
Mr. Dominique Corombelle, Fortis Bank Brussels.
Mr. Ralf Hauser, Dresdner Kleinworth Frankfurt.
Mr. Aly Kohll, BCEE Luxembourg.
Mr. Pier Mario Satta, Banca Intesa Milano.

The Group will collaborate with the Commission in any matter that may arise in connection with the Financial Markets, as an experienced global association, participating actively in future European Commission documents on behalf of ACI The Financial Markets Association.

Release of ACI Diploma New Version
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ACI Bicycle Tour - Save the Date!
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