Published On: Fri, Apr 28th, 2017

Last look times should reflect faster data, say panellists

Dmitri Galinov and David Mercer at FX Week USA 2013

FX Invest North America: panellists included Dmitri Galinov (left) and David Mercer

The length of time taken by counterparties to decide whether to accept a trade in the last look window should reflect the fact that primary market data has become up to 20 times faster over the last six months, panellists at FX Invest North America said, questioning the need for the practice in some pairs. Since October 2016, both EBS BrokerTec and Thomson Reuters Matching – two venues with no last look and considered to be the sources of primary price discovery – have sped up their market d


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