BNY Mellon, NAB and RBC latest to ditch additional hold times

Banks join growing list of LPs to have scrapped the controversial practice

More-banks-ditch-hold-times
FX Markets montage

BNY Mellon, National Australia Bank and RBC Capital Markets are the latest banks to remove the additional hold times they previously placed on electronic spot foreign exchange trades subject to last look checks – joining a growing list of liquidity providers to have ditched the controversial practice this year.

According to BNY Mellon’s electronic trading disclosure sheet published in July, the bank’s last look checks typically take up to 15 milliseconds following receipt of the client’s order

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 - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com 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

Most read articles loading...

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: