GFXC launches last look review
Market participants asked to give feedback on language of Principle 17 by September 21
As its first assignment, the newly established Global FX Committee has asked market participants for feedback on whether they agree or disagree with Principle 17, which states that trading activity using client information during the last look window is “likely” to be inconsistent with good market practice.
As FX Week reported in April, one of the most controversial areas in drafting the Bank for International Settlements’ FX Global Code of Conduct (GCC) was the decision to insert the word
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