Market-makers encouraged to review last look

After $150 million fine for Barclays, more legal action could follow

Last look is in the spotlight again

Market-makers who use last look are being encouraged to review the practice to see if they can withstand further regulatory – and potentially legal – scrutiny, according to two legal experts who participated in a January 12 webinar hosted by the Foreign Exchange Professionals Association (FXPA).

The advice comes on the heels of the $150 million fine imposed on Barclays by the New York State Department of Financial Services in November, to settle allegations the bank used last look to boost its

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 individual account here: