Performance & Stability
        
        How Do Latency and Last Look Windows Interact to Influence a Dealer’s Overall Risk Exposure in RFQ Markets?
        
         
        
        
          
        
        
      
        
     
        
        Last look is a dealer's risk protocol to neutralize stale quote arbitrage arising from network latency in RFQ systems.

 
  
  
  
  
 