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?’


Europe Marketing Volatility Hedging 


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Copyright information

© Stephen Valdez 1993

Authors and Affiliations

  • Stephen Valdez

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