Godfried De Vidts President, ACI
Godfried De Vidts President, ACI

Looking forward to the next 50 years of ACI

Godfried De Vidts, President of the ACI, looks at why 2005 is an important year for the ACI as it celebrates its 50th anniversary.

The year 2005 is an exciting year for ACI, The Financial Market Association, as we celebrate the founding of our association of individual members in the wholesale financial markets. Through a continuous effort we have greatly contributed to the success of the financial markets as we know them today. As countries open their markets to free trading, a wider range of currencies has become available. New techniques have been developed but the starting point was foreign exchange and money markets. Forward swaps, IRS, short term futures, options on currencies and interest rates become part of our arsenal of products.As secured trading becomes the focus with the introduction of Basle 2 at the end of 2007 the traditional unsecured money market will decrease in use. Our traders are building up expertise in secured trading through repo and security lending. For smaller operations triparty has great potential as a financing tool, already used by Central Banks for a number of years. Many Central Banks are using tenders...continued

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