Last-look class certification fails against Deutsche Bank

US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look

Deutsche Bank: the NYDFS recently found the bank properly calibrated the deployment of its last-look buffers

A US district court has denied class-action certifications for Deutsche Bank clients who claim the bank misused its last-look policy to accrue additional profits. The ruling comes as a relief for the German dealer, but there is a possibility that the original claimant, Axiom Investment Advisors, may proceed with its own suit.

Judge Lorna Schofield denied two class certifications on September 6, stating that many foreign exchange market participants were aware that liquidity providers use post

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: