Last-look guidance felt as market prepares for FX code deadline

Traders are having to manage a surge in the number of prices they handle, as counterparties implement FX code of conduct guidelines.

...Brad Bailey, research director in the capital markets division at Celent, says: “Improvements in things like transaction cost analysis that highlight good execution will make it easier for firms to show – both internally and to investors and counterparties – that they are managing their best execution process and complying with these components of the code.” ....