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Adding some details: CNY is problematic because it is a nonconvertible currency (that is why user42108 suggests using the offshore yuan CNH instead, or a nondeliverable forward on CNY). See this post Spot/Next and Tom/Next FX forward swaps for more detail about T/N Swaps and how they can be used to postpone delivery of a spot transaction by 1 day (...


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SGDCNH spot+swap or SGDCNY NDF.


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The offshore renminbi market is mainly in Hong Kong. The most important offshore renminbi market is a spontaneous market spawned by long-term trade between the two sides. Enterprises' import and export trade activities with Hong Kong and through Hong Kong as an intermediary will naturally produce currency transactions. This currency transaction can be ...


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No difference really if you look closely. Looking at the table, you see delta of a put is negative; delta of a call is positive. To the left of the middle of the chart (50 Delta) you have out the money puts, to he right, out the money calls. Now, delta is associated with a strike. For the same strike, you have ITM calls, if OTM puts and vice versa. In the ...


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Before getting into trading - get to know the basics. These are risky products. Towards a Theory of Volatility Trading by Peter Carr et al. is probably the most important paper. There are two documents from JP Morgan that I reference here and a short discussion about replication. With regards to dispersion trades, I argue you will find it very hard to find a ...


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You'll probably have more luck finding var swap and vol swap strategies from sellside pieces than in a book. From what I've read, I don't think RV trading via var or vol swaps is much different than using vanilla options. Buy the cheap var, sell the expensive var (all based on historical relationships), hope you get lucky on the timing (c.f. SX5E vs. SPX in ...


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Here's an answer: Cairn Energy has had the former head of FX at HSBC imprisoned by the US justice department for the way that HSBC worked a multi billion UK and India corporate finance deal. To do with something called "pre hedging" from which the bank would make extra money at the possible expense of the client (Cairn) on the probability the deal ...


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You are competing against thousands of firms, many of them doing this professionally and employing people like the ones you see in the Vola Dynamics link I provided in the comments. So my answer is, no you will not find trading opportunities. I go even further and claim you probably never will (on your own). If you use vendors liker Bloomberg, SuperD, and ...


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I initially just commented but I think it warrants an answer. Whenever someone needs to compute an amount payable or the value of a financial instrument or contract, or wants to track returns of funds, compute indices (see Appendix I and II), compute (performance) fees and the like, there must be a uniformly agreed way of doing this. In other words, there ...


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