Last look times should reflect faster data, say panellists
Risk warehousing timeframes have shrunk; market-makers no longer divided into banks and non-banks
The length of time taken by counterparties to decide whether to accept a trade in the last look window should reflect the fact that primary market data has become up to 20 times faster over the last six months, panellists at FX Invest North America said, questioning the need for the practice in some pairs.
Since October 2016, both EBS BrokerTec and Thomson Reuters Matching – two venues with no last look and considered to be the sources of primary price discovery – have sped up their market data
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