Morgan Stanley and UBS remove FX hold times, new disclosures reveal

Goldman Sachs follows suit in new GFXC cover sheets, but NatWest Markets holds on

Trading time

Morgan Stanley and UBS have dropped additional hold times from their last look checks for foreign exchange spot trades, as revealed by the first wave of new trading disclosure sheets published on the Global Foreign Exchange Committee’s (GFXC) website.

Goldman Sachs has also confirmed it has no hold times, but NatWest Markets says it is keeping its in place.

Last look broadly comprises two parts: a price validity and credit check. Many liquidity providers (LPs) had also placed an additional

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 customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets 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: