Speaker At Telerate Conference Warns Of Risk In Trading Exotics
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The hottest trend in the last year or so has been exotic currencies: in their quest for new sources of profit in foreign exchange trading, banks have been looking to emerging economies where fat margins are still to be had. But KPMG Peat Marwick partner Robert Armstrong gave overeager exotics traders a few warnings last week at the Telerate foreign exchange conference in London on emerging markets.
"You'll never make money in these markets if you are on the outside," said Armstrong, explaining
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