For what seems like an eternity, the controversy surrounding last look practices has hung over the foreign exchange industry like a dark cloud. The practice involves a liquidity provider (LP) rejecting or requoting a trade after receiving the order from a client, but crucially before executing it. Basically, it allows the LP, albeit for a brief moment, to assess the market and decide whether to accept or reject a trade, even after the investment manager has requested the transaction.
Rather than
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
