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Vanguard Fed Up With `Last Look' Practice Pervading Currencies

TedTed
in The OT Bullpen
FYI: “Last look,” the bygone-era practice that allows dealers in the $5.3 trillion-a-day currency market to back out of losing trades, is on its last legs, according to the world’s largest mutual fund company.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-04-19/vanguard-fed-up-with-last-look-practice-pervading-currencies
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