EFTA Document EFTA01449354

16 May 2013 FX Blueprint: Dashing Buck Theme I/10. Turning Up the Volume • Trading volumes, one of the better proxy indicators for realized volatility, have been grinding higher • Increased monetary divergence and abundant global liquidity could see this trend continue further, we like long volatility option plays Spot (Jading volumes picking up Trading volumes and volatility tend to closely track each other and volumes are now on the march. Last month's average Daily Volume (ADV)