Neill Penney, the co-vice chair of the GFXC, makes the point that the use of the word ‘immediate’ could be interpreted by the market as the GFXC indicating that all liquidity providers needed to upgrade their technology to move to a zero hold time. That’s not an outcome we are after. The disclosure cover sheets ask about the length of last look window.
The strategy adopted has a customer centric approach, accompanied by appropriate efforts towards financial literacy and awareness drive. Finally, for building of trust and confidence of the new entrants to the formal financial system the strategy focusses on customer grievance and protection framework.