Six big forex market-makers call for end to last look

Robert Mackenzie Smith
Natasha Rega-Jones
07 Aug 2019

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The six largest non-bank liquidity providers in foreign exchange are publicly calling for the practice of last look to be eradicated and replaced with firm pricing.

Citadel Securities, Flow Traders, HC Tech, Jump Trading, Virtu Financial and XTX Markets issued statements denouncing last look after Risk.net revealed opaque and inconsistent practices among market-makers.

“Jump is unequivocally opposed to last look, and we think it should not be a part of forex market structure,” says Mark Bruce

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