Top banks sign up for GFI’s options revaluation fixings

The four banks are the first GFI has named as users of the product, although there are other bank clients who do not wish to be named, said a spokesperson for GFI in London.

The fixings are designed to help risk managers revalue their portfolios in order to mark positions to market in order to comply with new accounting regulations FAS 133 in the US and IAS 39, which will apply to European-listed companies from January 2005.

"We find that risk managers have a number of requirements for data c