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[kreslik.news]

Are pre-trade hedging and ‘last-look’ allowed in the FX Global Code of Conduct? We have seen a lot of news and developments recently about the Global Code of Conduct and all issues raised within this.

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Guy Debelle, who is the chair of the FX working group, charged with issuing the code of conduct, welcomed concerns to be raised from the markets. I met Guy approximately fourteen months ago and our concerns are the same.

It appears that the global code would allow ‘last-look’ and it appears that ... (read more)