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GFXC Unveils Principle 17 Re-Write
The Global Foreign Exchange Committee (GFXC) has published an update to the FX Global Code, one that incorporates revised guidance on trading in the last look window, known as Principle 17. The revised Principle 17 states that market participants should not undertake trading activity that utilises information from the client's trade request during the last look window. It also describes the conditions under which certain trading arrangements (sometimes referred to as 'cover and deal') may be distinguished from this guidance.

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