The ACI essay prize for 1995 has been won by John Hunt of merchant bankers Brown Shipley in London for a study entitled "This Year's Forex Markets: a Look Back." The FFr50,000 prize was accepted on his behalf at the ACI annual congress in Osaka by the president of Forex Association London Graham Cocks. Hunt's was the only entry, prompting an off-the-cuff comment from retiring ACI president David Clark that FX traders were perhaps better known as "fighters rather than writers." No sooner had

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