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FX hedging volumes hardly bouncing back.....>

OPTIONS
OPTIONS: FX hedging volumes hardly bouncing back despite yesterday's UK bank
holiday with EUR/USD, USD/CNY and AUD/USD options trades well below average for
this time of day. EUR/GBP is slightly more interesting, with around $1.5bln in
trades going through vs the $1bln you'd expect to see at this point in the
session. EUR/GBP calls have been in high demand, with Gbp 0.9250 call strikes
(expiring at the end of the year) drawing the most attention. 3 vanilla EUR/GBP
calls have been bought for every put so far today, with Gbp 0.9300 and Gbp
0.9475 strikes also proving popular.

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