Legal issues arising from the use of automated FX trading platforms

27 March, 2018

An article co-authored by David Foxton QC, James Willan and James Sheehan considering legal issues which may arise from the use of automated FX platforms, and in particular those arising when the bank seeks to reserve the right not to complete the trade when the client has placed a Request for Quotation (RFQ), or makes use of its knowledge of the client’s trading intentions in advance of concluding the transaction. The regulatory and private law implications of such conduct are considered, including in the light of the Global FX Code, as well as the status of contractual terms seeking to maximise the bank’s freedom of manoeuvre.

Read the article in full here .

This article was first published in Butterworths Journal of International Banking and Financial Law – March 2018.