Last Look
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Global FX Code Gains Adoption but Last Look is a Thorny Issue
Over 200 market participants have signed the FX Global Code of Conduct, a voluntary set of principles published a year ago to restore trust and curb bad behavior in the wholesale foreign exchange market.
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A Hard Look at Last Look in Foreign Exchange
The debate over ‘last look’ in foreign exchange trading has resurfaced in 2016 as regulators continue to eye the practice and investors worry about slippage and potential market abuse. Regulators are said to be scrutinizing FX dealing platforms that contain last look, a controversial practice that enables market makers to delay or reject trades from customers after they’ve agreed to a quoted price.