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No real clear direction in risks, with.....>

EQUITIES
EQUITIES: No real clear direction in risks, with mostly 2 way flows going
through in respective contracts. 
-FTSE (futures) Is slowly drifting back towards levels at the time of the BoE
50bps cut. 
-Very little to say about US Equities with futures trading in the Red, but very
little in terms of traction or momentum either way as we awaits for the US to
come in. 
-Estoxx just saw a quick 7k lot (cumulative volumes) sell, followed by a 5k
lift.
**ROLL PACE (expiry 20/03). Expect increases to start end of week and next. 
-Estoxx: 19.6% 
-Dax:     6.3% 
-FTSE:    1.1% 
-S&P:     9.0% 
-NQA:     9.1% 
-DOW:     6.8%

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