GFXC publishes final word on last look

The GFXC releases new and final version of Principle 17; adds two examples to illustrate best practice

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Salmon: With the last-look consultation completed, the priority for the first half of 2018 is to promote widespread commitment to the code

The Global Foreign Exchange Committee has published the final wording of Principle 17 of the FX Global Code of Conduct, removing the word ‘likely’ from the new version of the text and stating that market participants should not utilise clients’ trading information in the last-look window.

The GFXC also published its response to the 33 papers it received for the consultation on the principle, noting that two-thirds of respondents viewed trading activity during the last-look window as

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