Fast LPs accuse rivals of maxing out last look response times
Firms with sub-10ms checks complain of losing volumes to slower rivals, prompting one to ditch ECNs
Despite recent attempts by some spot FX trading venues to crack down on last look practices, some liquidity providers running tight windows have reported losing volumes as a result – and at least one market-maker has consequently unplugged from anonymous venues.
With the FX Global Code banning additional hold times from being incorporated into last look on anonymous and semi-anonymous venues, an increasing number of FX trading venues have either required users to be compliant with the code or
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