Barclays opens up forex desks to last-look lawsuit

Agreement will help investors pursue other market-makers

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Regulators and plaintiffs are taking aim at last-look

UK bank Barclays will turn over information from people in its foreign exchange divisions who have the most insight into the use of its last-look practices and the breadth of its impact.

This level of co-operation is expected to provide investors with the ammunition they need to pursue other market-makers who they believe benefited from rejecting deals if the price moved in favour of the customer.

The co-operation provision is part of a $50 million settlement agreement to a class-action claim

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