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 ?
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).
(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.
The four day event is organised by the UAE Financial Markets Association in collaboration with the International Cambist Association (ICA) and strategic partner Emirates NBD.
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.
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.