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And Finally...
What can only be described as a frisson of excitement ran through the FX market in London last week when word spread of former Barclays head of automated trading services David Fotheringhame launching a new website that – and this is putting it delicately – analyses the bank’s response to a fine imposed on its FX business in 2015 for what was found to be a too liberal use of last look. Fotheringhame won an unfair dismissal claim against the bank last year, however Barclays defied the employment tribunal’s edict to reemploy him, resulting in a second hearing this year at which he was awarded nearly £1 million.

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