Platforms seek new ways to curb last look abuse
Limiting response time for market-makers may become outdated method
Rules for last look liquidity providers are being tightened up by platforms that offer such liquidity streams, but the traditional way of limiting response time for market-makers may become outdated, as venues look to filter toxic liquidity from customer streams before flashing orders could appear on customers' screens.
A number of institutional FX trading platforms have tweaked their rules on last look liquidity, after the UK's Fair and Effective Markets Review (FEMR) called for more
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