Foundation
An independent programme for responsible market conduct
BlackCores Responsible Markets exists to make governance and documentation legible, using a consistent standard applied the same way to every participant.
Why it exists
Markets are full of claims; evidence is scarce.
Across the FX/CFD ecosystem, firms make broad assertions about conduct, governance and oversight. Counterparties, partners and oversight functions rarely have a consistent, independent reference to interpret those assertions.
The programme addresses that gap by recording participation, documentary completeness and defined-scope review outcomes against the published RM10 standards. It records what can be evidenced, and states clearly what was not assessed.
Experience base
Built on governance and financial-crime control experience.
The programme is administered by BlackCores, drawing on practical experience across governance, documentation and control functions relevant to institution-facing market firms.
- Governance and board-level documentation
- AML / CFT review and financial-crime controls
- Counterparty and partner due diligence
- Platform and operational readiness
- Conduct and disclosure documentation
- Market-facing operational experience
Governance & independence
How the programme is administered.
The programme is independently administered by BlackCores. Participation does not transfer to the participant any control over standards, scope or outcomes.
Standards are published
The RM10 standards are documented and versioned. Changes are recorded so any review can be tied to the standard in force at the time.
Scope is disclosed
Each record states what was reviewed and what was not. Status reflects documentary evidence within a defined scope, not a general endorsement.
Fees do not determine outcomes
Programme fees cover administration and review effort. They do not determine participation status or review outcomes.
The standard we hold
A record is only worth keeping if it can be examined. We publish what can be evidenced, name what was not assessed, and apply the same standard to every participant.
That discipline is the point of the programme. It is slow by design, documentary by default, and indifferent to reputation, marketing or fee size.
What it records
- Programme participation status
- Documentary completeness within a defined scope
- Defined-scope review outcomes against RM10
- Annual update status and period
What it does not claim
- A broker ranking or league table
- An investment recommendation or financial promotion
- A regulatory approval or licence
- A consumer trading guide or product endorsement
- A certification or UN / UN Global Compact verification
Who it serves
Institution-facing audiences.
The register and standards are designed for counterparties, partners, oversight functions and service providers who need a consistent reference for documentary status — not for retail trading promotion.
The wider group
Part of BlackCores.
BlackCores Responsible Markets is operated within the BlackCores group and maintains its own standards, scope and records.
Scope Notes
Markers in the text above resolve to the full boundary wording below. These notes define what this page records — and what it does not claim.
- 1.
Register scope: The BlackCores Responsible Markets Register records programme participation, documentary status and defined-scope review outcomes. It is not a broker ranking, investment recommendation, financial promotion, consumer trading guide, product endorsement or regulatory approval.
- 3.
UNGC boundary: BlackCores and Partners LLP participates in the United Nations Global Compact. BlackCores Responsible Markets is independently administered by BlackCores and is not a United Nations or UN Global Compact programme, certification, endorsement, approval or verification service.
- 8.
General information: Website content is provided for general business and institutional information only. It should not be relied on as legal, financial, tax, investment, insurance, regulatory or trading advice.