Bank of England Makes Formal Recommendation for Time Stamps on FX Trades

FX TCA should benefit from improved granularity as the Bank of England’s Fair and Effective Markets Review (FEMR) calls for time stamps to be recorded on every trade and “last look” provisions to be reviewed as part of their call for a “new global code” in the currency market. Start reading on page 55 for details:

http://www.bankofengland.co.uk/markets/Documents/femrjun15.pdf