Derivatives Week
Mike Kentz
Firms bought approximately USD1 billion in Euro/U.S. dollar forwards and just over USD500 million in U.S. dollar/Swiss franc forwards on volatility on Wednesday and Thursday, with Goldman Sachs seen as the most active participants in the trades, according to traders in New York and San Francisco. The trades were the biggest seen in an otherwise quiet week for fx option trading volume, with volatility movements on the back of the trades staying relatively stable.
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