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.
References in periodicals archive ?
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa deputised Shaikh Khalid to open the 38th Interarab Cambist Association (ICA) Conference, hosted by the kingdom under the Premier's patronage.
BNA) -- His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has deputised Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa to open the 38th Interarab Cambist Association (ICA) Conference, hosted by the kingdom under HRH Premier's patronage.
Taking place at the JW Marriott Marquis Hotel , the two-day event is organised by the UAE Financial Markets Association in collaboration with the International Cambist Association (ICA) and strategic partner Dubai International Financial Centre.
Manama, Oct 21 (BNA) -- Deputy Chairman of the Bahrain Financial Markets Association (BFMA), Abdullah Dawood, asserted the 38th Interarab Cambist Association (ICA) Conference will be held under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister, from 14 to 17 November 2013 and will present the optimal ways to deal with the new economic system and the role of Islamic banking in the after math of the global financial crisis, and will address the extent to which the Islamic banks affected by the global financial crisis.
The 38th ICA (Interarab Cambist Association) conference concluded Sunday at the Ritz-Carlton, Bahrain Hotel and Spa in Manama, closing three days of lively sessions that examined changes in the economic order.