Tag Archives: last look

Credit Suisse fined $135m for FX abuse

The┬áNew York State Department of Financial Services (DFS), has fined Credit Suisse $135m for ‘Unsafe, Unsound and Improper Conduct’. The transcript of the order makes for depressing reading, when we see the extent of the improper conduct and abuse of … Continue reading

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GFXC to change Principal 17 (Trading in last-look window) after market feedback

In last week’s post, we looked at the feedback received from the market by the Global Foreign Exchange Committee (GFXC) to Principal 17 of the FX Global Code of Conduct, which discusses ‘trading in the last-look window’. In light of … Continue reading

Posted in FX Survey, regulation | Tagged | 1 Comment

RIP….Last-look? Depends who you ask

Back in 2015, just before the publication of the Fair and Effective Markets Review (FEMR) report, that led to the FX Global Code of Conduct, I wrote that it was time to Say goodbye to last look. A few months … Continue reading

Posted in FX Survey, liquidity, regulation, Uncategorized | Tagged | 1 Comment