Insight Investment wary of banks’ last-look claims
Buy side should “team up” in bid for more forex transparency, argues senior trader
Insight Investment has urged buy side firms not to take on trust the disclosures made by foreign exchange dealers – and to “team up” in an attempt to extract more useful information.
Richard Turner, a senior trader at the giant asset manager, said technology could be used to test claims about the length of last-look windows, for example – the controversial, milliseconds-long pause when a dealer decides whether to accept or reject a client’s order.
“If a bank says our last look policy is 200
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