Last look: who is axing hold times, who isn’t – and who won’t say

Liquidity providers rush to review trading policies as GFXC pushes for zero hold times

Guy Debelle is a familiar face among FX market participants. As chair of the Global Foreign Exchange Committee – the watchdog on conduct standards in the industry – he is a regular speaker at conferences, promoting the FX Global Code and providing updates on its development.

So when he logged in to speak at an event in London on September 8, few expected anything out of the ordinary. But comments he made about the practice of last look – that the use of so-called additional hold times to