Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Two foreign exchange trading platforms – State Street’s Currenex and Nex Markets’ EBS – are exploring whether to introduce and host a last look function in a bid to separate the operation of the risk management tool from market-makers, FX Week has learned.
Last look has come under intense scrutiny and criticism since the quest for more transparency kicked off in FX markets. But, following years of debate about the positives and negatives of the practice, the move to outsource it to a third
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