DislikedI hope you don't mind me asking for clarification - I can see that the options/futures market is much smaller than the spot market, but if you add the outright forwards volume to half the foreign exchange swaps volume (I''m guessing that should equal the forward part of these contracts) from the figures linked to below, it comes out to around 60% of the [spot + 50% of the foreign exchange swaps volume].
http://www.bankofengland.co.uk/marke...ults100125.pdf - I looked at April 2009 figures.
That seems like a...Ignored
What I mean is outrights are 2 legged swaps.
Hope everyone is ok after this week, staying nimble and helmets are staying on.
Regards