Debelle: last look will not be banned
GFXC head says market participants have a choice of whether to use a liquidity provider that employs the practice
The head of the industry body tasked with overseeing the FX Global Code of Conduct says last look will not be banned, despite some market participants apparently delaying signing the principles-based document because of the practice’s continued use.
“We aren’t going to ban last look. You don’t have to use last look. There are plenty of other providers who don’t use last look. You have a choice,” says Guy Debelle, chairman of the Global Foreign Exchange Committee (GFXC).
Referring to the
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