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Edging Towards the Exit?
The use of a last look window by market makers will decrease in 2018, but don't expect the practice to disappear any time soon, says Galen Stops. If you're sick of reading endless articles and hearing lengthy debates at conferences regarding last look, then the first part of this prediction will be music to your ears: in 2018 the industry conversation will move on from this topic. This prediction comes despite a second one, that last look will not disappear in 2018. Yes, XTX Markets made headlines by committing to a zero hold time on their FX trades – not to be confused with offering firm liquidity – while other market makers have made more private assurances of a similar kind.

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