Foreign Exchange

  • Stephen Valdez


Foreign exchange dealing rooms at times of peak activity resemble bedlam. Shirt-sleeved dealers look at computer screens, talk into several phones at once and yell to colleagues. They talk in the space of minutes to key centres — London, New York, Paris, Zurich, Frankfurt. The phrases are terse and mysterious — ‘What’s cable?’; ‘50/60’; ‘Mine!’; ‘Yours!’; ‘Cab1e70/80—give five, take three’; ‘Getme dollarmark, Chemical Hong Kong’; ‘tomnext’; ‘What’s Paris?’


Exchange Rate Interest Rate Central Bank Foreign Exchange Forward Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Stephen Valdez 1993

Authors and Affiliations

  • Stephen Valdez

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