New year, new disclosures: more banks publish GFXC cover sheets
A further swath of banks ditch controversial additional hold times
ANZ, BBVA, Crédit Agricole, Natixis and SMBC are the latest banks to have published a disclosure sheet detailing their FX trading practices on the Global Foreign Exchange Committee’s website – including their approaches to the controversial practice known as ‘last look’.
According to ANZ’s GFXC disclosure sheet, clients can expect to face a last look window of between 0 and 14 milliseconds – with no additional hold time imposed on clients subject to such checks. This is an update to the bank’s
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