Since 2013, the foreign exchange (FX) market has been the subject of regulatory investigations resulting in more than US$10bn in fines globally. ‘Last Look’, a feature of some electronic FX venues, has been under increasing regulatory scrutiny amidst concerns around the impact on end-users of FX trading markets. Oxera Associate, Álvaro Cartea, discusses his recent academic work in this area carried out with colleagues Sebastian Jaimungal and Jamie Walton
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