NY Foreign Exchange Committee Outlines Action Plans For 1999

REGULATORS

NEW YORK--Paul Kimball, the new chairman of the New York Foreign Exchange Committee (NYFXC) will make cooperation with other international associations and the Y2K problem priorities for this year, following discussions with the Singapore Foreign Exchange Markets Committee (SFXMC) last November.

Additionally, the NYFXC plans to produce a research document on the barrier options market to establish a code of best practice.

This work on barrier options reflects concerns about how these instruments

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