Top of Book a Top Concern for Compliance Officers at Australian FX Brokers

[kreslik.news]

This article was written by James O’Neill, a Director of ILQ Australia Pty Ltd.

ASIC-regulated brokers offering pricing feeds with top of book pricing should evaluate their procedures to ensure that they are compliant with Australian financial services law and consumer law. Top of book of book pricing refers to the highest bid and lowest ask offered in a prevalent market.


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Generally, top of book is an off-market price – more often than not, top of book is ... (read more)