JPMorgan Emphasizes FX Execution Disclosures in Latest Forex Guidelines
Posted: Wed Jun 01, 2016 8:22 am
Barely a week after the Bank for International Settlements (BIS) released its Global Code of Conduct for the foreign exchange market, reports surfaced that JPMorgan has released new guidelines to clarify why it rejects some currency trades on a last-look basis, cited by coverage from the Financial Times and Bloomberg.
The guidelines from JPMorgan included references to how it could cancel a trade even after a client hit the price from a trading screen or platform if adverse market moves occurred or problems with credit checks arose, as noted in a Bloomberg ... (read more)