FXall last-look function under client review
Thomson Reuters-owned platform seeks feedback
FXall's central limit order book (Clob) is looking to add two new criteria to its last-look function, according to owner Thomson Reuters' chief executive, Phil Weisberg, with the recommendations currently under client review.
FXall is primarily a relationship-based FX trading venue, with a request-for-quote (RFQ) and direct-streaming function available to users. However, it also has a Clob with a voluntary maximum last-look time of 500 milliseconds, and this is the area that Weisberg believes
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