What is “last look”?

by Jul 9, 2020Trading Guides

What is “last look”?

Last look is a colloquial term for liquidity providers or brokers stating a quoted price rather than a firm price based on supply and demand. Since the price stated is a quoted price, the liquidity provider or broker has the option execute the trade, offer an alternative price, or decline the trade.

Last look practices are often synonymous with Market Maker brokers which take the other side of your trade. Since their prices are quotes, there is a chance that they will manipulate their prices to their advantage or induce slippage when news events occur. Market makers tend to have higher spreads in comparison to ECN brokers.

ECN brokers receive bids / asks from their clients and directly match the best bid and ask prices across multiple market participants. The best prices are the prices stated on ECN brokers platform. Since ECN brokers only match trades, they do not have the opportunity to front run or have the “last look” to clients’ trades. We at BlackBull markets are proudly an ECN only broker, meaning we do not interfere with your trades and provide you with the best bid/ask spreads.

 

 

 

 

Related Posts

Litecoin and the future of the crypto top-ten

Litecoin and the future of the crypto top-ten

Litecoin, while being one of the most successful original altcoins, has generally been overlooked by crypto investors over the past couple of years. However, in 2017, Litecoin was on top of the world for many reasons. For one, it enjoyed a comfortable position within the list of the top ten cryptocurrencies. For another, the coin’s founder, Charlie Lee, was one of the most popular crypto personalities on Twitter (NYSE: TWTR), able to move markets with a single tweet.

read more

Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921).
We are also registered with the Financial Services Provider Register (number: FSP403326).

Black Bull Group UK Limited is registered in United Kingdom, Company Number - 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number - 9556804) Address - 483 Green Lanes, London, Greater London, United Kingdom, N13 485

Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.

All payments related to the Paysafe Group are facilitated by Black Bull Group Limited.

Copyright © 2021 Black Bull Group Limited. All Rights Reserved.

Share This