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Hedging volumes broadly in line with........>

OPTIONS
OPTIONS: Hedging volumes broadly in line with average for a Monday thanks to a
highly active USD/CNY options market today, with $6.5bln total trades so far
today compared with an average of roughly half that ($3.2bln) on a regular
trading day. For a second session, the put/call ratio is skewed highly in favour
of calls, with a number of large trades so far today placed to profit should
USD/CNY move above Cny6.90 by early November.
The large volumes seen in USD/CNY options markets today contrasts with quieter
markets elsewhere, with USD/JPY and EUR/USD volumes on the light side.

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