• The new software "has reduced the volatility in our foreign-exchange gain and loss, " Mr. Barrie says, although he won't say by how much.

    WSJ: Using Software to Manage Foreign-Exchange Risk

  • They have also coaxed leading international banks into setting up a global clearing house to reduce the risk of loss should big foreign-exchange trades not be completed as the parties agreed.

    ECONOMIST: Lenses of last resort

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