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Cambist

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Cambist
A trader or other expert in foreign exchange. Cambists are usually successful in trading currencies in their own right, and companies engaged in international trade may employ them to help reduce currency risk. Cambists must be able to read market factors that may affect a currency's value, but must also consider political factors as well. For example, in 1992 George Soros short sold $10 billion worth of British pounds on the United Kingdom's reluctance to either let its currency float or raise interest rates. Soros earned over $1 billion by considering both the economic and political situations surrounding the sterling.
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Byline: Nathanael Massey Summary: BEIRUT: In the wake of the worst global financial crisis since the Great Depression, Middle Eastern economies - and their banking sectors in particular - have shown growth and resilience, according to representatives of Lebanon's banking sector speaking at the 35th annual congress of the Inter Arab Cambist Association (ICA).
ICA: Emerging markets will lead global economy in coming years by The Daily Star (Beirut, Lebanon)
 
 
 
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