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Spread flows dominate in early trade

EQUITIES
Early Equity flow is all spread related, with over 75% of the front Month volume in VGM4 attributed to rolling into the September Expiry, with some desks favouring rolling ahead of the UK CPI, the BoE and the services PMIs to end the week.
  • ESA: 62% (above pace).
  • NQA: 57% (above pace).
  • DOW: 54%.
  • VGA: 42%.
  • Dax: 30%.
  • FTSE: 42%.
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Early Equity flow is all spread related, with over 75% of the front Month volume in VGM4 attributed to rolling into the September Expiry, with some desks favouring rolling ahead of the UK CPI, the BoE and the services PMIs to end the week.
  • ESA: 62% (above pace).
  • NQA: 57% (above pace).
  • DOW: 54%.
  • VGA: 42%.
  • Dax: 30%.
  • FTSE: 42%.