Last look
Investment Association calls for standardisation of FX reject codes
The 13 new high-level categories will allow rejection causes to be remedied quicker
BIS calls for wider adoption of FX Global Code
Yet some industry participants question the benefits of asset managers signing up to the voluntary principles-based document
LMAX: bitcoin to break $30,000 in 2020
Exchange head David Mercer foresees more transparent market, freed of “pariah” of last look
Asifma: Asian focus on smaller counterparties for IM rules
Initial margin regime, conduct principles and China's lifting of FX restrictions are focus of Asian trade body, says Ball
Top 10 stories of 2019: a retrospective
FXPB pricing disputes, debate over last look and court cases were keenly followed stories
Debelle: last look will not be banned
GFXC head says market participants have a choice of whether to use a liquidity provider that employs the practice
XTX: top 10 banks will move to zero hold times in 2020
Awareness and competitive pressures will compel market-makers who have held out to cut holding times
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks
Bad clocks block FX best-ex
To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t
Machines can save 20% on routing orders, UBS says
Machine learning is navigating the labyrinth of venues, figuring out how best to land the trade
Insight Investment wary of banks’ last-look claims
Buy side should “team up” in bid for more forex transparency, argues senior trader
Trade reject codes lack clarity – BoE official
Schroders and BoE criticise mish-mash of codes, as Investment Association presses for standardisation
How the top 50 liquidity providers tackle last look
Uneven disclosure practices are making life difficult for agency algos and ECN trading
Six big FX market-makers call for end to last look
Citadel Securities, Jump and Virtu among those repudiating controversial practice
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
e-FX initiative of the year: Tradefeedr
Tradefeedr voted e-FX initiative of the year
GFXC seeks deeper understanding of anonymous platforms
Committee elects Guy Debelle as new chair to replace Potter
Natural language processing added to trade monitoring
Market participants can create bespoke analytics with Ideal Prediction's Scope tool
ParFX: transparency to drive trading practices as Code adoption grows
FX Global Code will spur market participants to amend execution terms and conditions
Asset managers hope for common FX tape
Monitoring and ensuring liquidity providers adhere to their own disclosure is difficult, but must be done
BayernLB is first Landesbank to commit to FX Code
Munich-based regional bank’s move pushes number of signed-up participants closer to 500 mark
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Hold times collapse on EBS Direct as LPs cut last look
Hold times down 67% and reject rates drop to 3.15%, as FX Global Code of Conduct forces liquidity providers to step away from last look