Heering Ligthart President ACI-The Financial MarketsAssociationFortis Bank NV-SA, Merchant/Institutional Banking
Heering Ligthart President ACI-The Financial MarketsAssociationFortis Bank NV-SA, Merchant/Institutional Banking

Electronic War: a reality?

Heering Ligthart discusses the likely impact of terrorist and other attacks on electronic markets and the role the ACI could play in solving market problems resulting from these disruptions.

First Published: e-Forex Magazine 10 / Foreword / April, 2003

It’s probably a unique situation in which the financial markets have been operating over the last few years. Equities have been under heavy pressure for a long time. It’s nothing like a “Black Monday” but it’s almost a permanent trend, with some positive reactions in between. This is a dangerous situation. At the beginning of each new year experts have been – in most cases – very positive, but at each year-end the picture is completely different, not to say disastrously so.Looking back it’s easy to identify the underlying reasons: the dotcom bubble, the dubious role of some analysts, the so called Chinese walls between research and sales, the strange role of some accounting firms, creative bookkeeping or financial fraud in many companies etc.All coupled with the economic downturn and the geo-political tensions in the world which created - and still creates - a deep political distrust among the major powers. Not a positive climate for equities in spite of...continued

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