ACI joins voices calling for changes to Principle 17

ACI finds “no firm evidence or specific situations” where there is any likely benefit to clients from trading in the last look window

Conduct keyboard
Better conduct: ACI’s response offers clarity on the acceptable use of last look, says David Woolcock

The ACI Financial Markets Association says the wording of Principle 17 in the FX Global Code of Conduct should be modified to make the use of client trading information in the last look window inconsistent with good practice. The association’s remarks were submitted in response to the now-closed consultation on the subject, held by the Global FX Committee (GFXC).

The association, representing the interests of financial market professionals, said the word “likely” should be dropped from

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