What is “last look”?
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.
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.
What’s driving the AMC price spurt? While on its way to pre-pandemic patronage, the world largest Cinema company is undoubtedly not inspiring investors purely with its fundamentals. Rather, I suspect that investors are inspired by the recent media reports detailing the phenomenal losses that short sellers are continually racking
1 GBP is currently trading at ~155 JPY, which is an important touchstone for the pair. The GBPJPY last touched (and notably rejected) this level in December of 2017. An important question to ask is: Where is the pair headed in the second half of 2021?
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