12 Feb 2004, Solomon Teague, Risk magazine
“As a central bank, we examine, analyse and research capital flows and exchange rates, particularly, short-term instruments influencing the Israeli shekel, such as currency options,” said Ben Schreiber, head of research in the foreign exchange department at Bank of Israel.
“Few believe the market is about to suddenly stop moving, so it is vital that institutions have the equipment to monitor their foreign exchange risk properly and design and then manage appropriate hedging strategies,” said David Gershon, SuperDerivatives chief executive.
SuperDerivatives adds the central bank to an impressive list of clients, ranging from banks such as Citibank and JP Morgan Chase to corporate treasuries such as IBM and Ford.
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