Last Look in the Spotlight for ACI's Model Code

The eternally tricky subject of last look is being reviewed by the Committee for Professionalism (CFP) at ACI– The Financial Markets Association with a view to a potential re-write of guidelines published in ACI’s Model Code.

Sources familiar with the matter have told Profit & Loss that the CFP has been canvassing opinion over the appropriate use of last look in FX markets, which continues to split opinion in the industry with the aim of providing a more detailed set of guidelines.

Eurobase's Director of Business Consulting, David Woolcock, is also Chair of the CFP, and has been asked by Profit & Loss Magazine to comment. The full article is available here on the Profit & Loss website.