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Funds try to limit controversial "last look" forex trading

The View From The House

The world’s largest asset managers today tried to clamp down on the controversial “last look” practice which allows banks and brokers to reject orders even after a price has been agreed, although it faced concern from industry that it does not go far enough.

Standard Life Wealth strengthens leadership team

Standard Life Wealth, the discretionary fund manager, is continuing to progress its ambitious plans to grow the business with the promotion of John Hair to Chief Investment Officer, and Julie-Ann Ashcroft to Head of Investments, alongside Darren Ripton.

Allianz fund seeks China licence

Allianz SE said its German fund management unit has applied for a license in China to establish an onshore presence, following the example of its larger U.S.-based Pacific Investment Management Co.

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The View From The House

Funds try to limit controversial "last look" forex trading

The world’s largest asset managers today tried to clamp down on the controversial “last look” practice which allows banks and brokers to reject orders even after a price has been agreed, although it faced concern from industry that it does not go far enough.