Last look: who is axing hold times, who isn’t – and who won’t say

Liquidity providers rush to review trading policies as GFXC redoubles call for zero hold times

Guy Debelle is a familiar face to FX market participants. The Australian central bank’s deputy governor also chairs the Global Foreign Exchange Committee – the market’s conduct standard-setter – so he is a regular speaker at conferences, promoting the FX Global Code and providing updates on its development.

When he logged in to speak at an event in London on September 8, few were expecting any bombshells – the code’s triennial review had been completed months before. But comments Debelle made

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