GFI Closes FX Options Mark-to-Market Gap
ORGANIZATION AND STRATEGY
Solving the problem of marking FX options to market came one step closer to being resolved last week with the launch of a new ‘revaluation fixing’ service from New York-based interdealer broker GFI. The revaluation data is available via Moneyline Teleratescreens
The service is designed to enable risk managers to assign a fair value to derivatives positions, a requirement set out by existing accounting regulation FAS 133 in the US and the upcoming legislation for Europe, IAS 39, which is planned
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