The GFXC has also developed disclosure cover sheets and templates for algo due diligence and transaction cost analysis (TCA) to assist market participants in meeting the Code's principles for disclosure and transparency.
Following an annual rate of 1.7% in the first quarter of 2004, inflation reached 2.3% in the second quarter and 2.2% in the third quarter. Inflation rates over the past year have also been driven up by exceptionally strong rises in indirect taxes and administered prices.