Barclays scraps additional hold time on last look

With more disclosures expected this month, list of LPs ditching controversial add-on continues to grow

Barclays-sign
Flickr/Dick Thomas Johnson

Barclays has formally removed the additional hold time it previously placed on electronic spot foreign exchange trades subject to last look – becoming the eighth liquidity provider to do so in the past six months.

The UK bank’s updated disclosure sheet, available on its website, states that it “does not use an extra hold time” when applying last look – adding that “Barclays’ systems apply last look and validation checks, and then book trades as quickly as possible, subject only to the

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