Presentation of ACI - The Financial Markets Association National Hotel - Moscow

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Presentation of ACI - The Financial Markets
AssociationNational Hotel - Moscow

• ACI Russia, February 6th 2008
• Moscow
• by Manfred Wiebogen
• ACI President

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• ACI The Financial Markets Association
• Founded in 1955
• Head Office based in Paris
• Renamed in 1995 into ACI
• Largest trade association in wholesale financial
  markets
• 13,000 members in 63 countries
• Education Market Practices Technical Advice -
  Networking

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• Current Financial Markets HEADLINES
• Sub Prime
• BIS report (71 FX volume)
• US-dollar quo vadis ?
• World wide Monetary Reserves
• MiFID or Basel II
• EUR 4,82 bn loss at French bank

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Financial markets reflection

• BIS FX Survey
• 4/2004 1.880 bn
• 4/2007 3.210 bn daily turnover
• 71 over the last 3 years (!!)
• FX is more alive than ever

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The largest FX- Financial Centers

4/2007 /- vs 2004
UK 1.095 bn 34,1 2,8
US 533 bn 16,6 -2,6
CH 196 bn 6,1 3,3
JP 193 bn 6,0 -2,3
Síngapore 186 bn 5,8 0,6
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Currency Reserves held by
1. PeopleS Republic of China 1.434 bn
2. Japan 954 bn
- EURO-Zone 483 bn
3. Russia 455 bn
4. India 267 bn
5. Republic of China (Taiwan) 266 bn
6. South Korea 257 bn
7. Brazil 173 bn
8. Singapore 158 bn
9. Hong Kong 142 bn
10. Germany 126 bn

Source Wikipedia 3rd quarter 2007
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• ACI is a standard of the International Financial
  Markets in terms of
• maintaining the professional level of competence
  and the ethical standards of loyalty,
• committing to maintain the highest possible
  standards in their profession by setting an
  example of propriety and best ethical be haviour,
• market liquidity provided by their traders,
• giving advice and offer arbitration services on
  professional disagreements,
• offering a global third party certification,
• personal and company networking.

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