recommendation author recommendation date … · chiara crognoletti 30/06/2020 ond repackaging of...

Recommendation Author Recommendation Date Recommendation Details Instrument / Issuer Direction Market Price (at time of dissemination) Time Validity Target Price Author has a personal account interest in the instrument

Allison Lobb 07/08/2020 orsted buy No

Allison Lobb 07/08/2020 aegon buy No

Allison Lobb 07/08/2020 deutsche wohnen buy Yes

Alasdair Monro 07/08/2020 prx buy No

Alasdair Monro 07/08/2020 dfds Short / Sell No

Alasdair Monro 07/08/2020 prx Short / Sell No

Allison Lobb 07/08/2020 gea buy No

Tomas Melville 07/08/2020 neg Metrobank MTRO N Short / Sell No

Tomas Melville 07/08/2020 positive BAT BAT LN buy No

Tomas Melville 07/08/2020 positive LGEN LGEN LN buy No

Tomas Melville 07/08/2020 positive Boohoo BOO LN buy No

Tomas Melville 07/08/2020 positive SIE SIE GR buy No

Tomas Melville 07/08/2020 positive Aviva AV/ LN buy No

Tomas Melville 07/08/2020 neg JD Sports JD/ LN Short / Sell No

Tomas Melville 07/08/2020 positive Serco SRP LN buy No

Tomas Melville 07/08/2020 neg Ageas AGS BB Short / Sell No

Tomas Melville 07/08/2020 positive TCAP TCAP LN buy No

Nils Wittenhagen 07/08/2020 TMV GY buy No

Marc Doll 07/08/2020 ddog Negative No

Marc Doll 07/08/2020 twlo buy Yes

Marc Doll 07/08/2020 nee buy Yes

Marc Doll 07/08/2020 wcn buy No

Marc Doll 07/08/2020 rsg buy No

Roger Appleyard 06/08/2020

Abertis

Spread Negative No

Nils Wittenhagen 06/08/2020 TRI CN buy No

Alasdair Monro 06/08/2020 novob dc Short / Sell No

Alasdair Monro 06/08/2020 ads Short / Sell No

Marc Doll 06/08/2020 gps buy No

Marc Doll 06/08/2020 cae buy No

Marc Doll 06/08/2020 tdg buy No

Kavita Vaja 06/08/2020 BP/LN buy No

Kavita Vaja 06/08/2020 glen ln buy No

Fiona Daly 06/08/2020 IMI LN buy No

Daniel Hosegood 06/08/2020 GLENLN ££ buy No

Alasdair Monro 05/08/2020 bats buy No

Nils Wittenhagen 05/08/2020 CP CN buy No

Nils Wittenhagen 05/08/2020 BRK/B US buy Yes

Alasdair Monro 05/08/2020 atl buy No

Alasdair Monro 05/08/2020 wg/ Short / Sell No

Marc Doll 05/08/2020 b tdoc tdoc buy No

Marc Doll 05/08/2020 shop Negative No

Allison Lobb 05/08/2020 asos buy No

Allison Lobb 05/08/2020 inditex buy No

Nicola Monzini 05/08/2020 buy amat No

Daniele Calabrese 05/08/2020 buy in the low 40s/high 30s TMV GY buy No

Daniele Calabrese 05/08/2020 DGE LN Neutral / Hold No

Nicola Monzini 05/08/2020 buy snps No

Adam Pasztor 04/08/2020 Buy Linker UKTI2048 on the fly against selling UKTI2037 and UKTI2056 UKTI 0.125 08/48 buy 32bps on the fly 22bps No

Fiona Daly 04/08/2020 WEIR LN Short / Sell No

Fiona Daly 04/08/2020 DGE LN Short / Sell No

Daniel Hosegood 04/08/2020 AKEFP hybrid Negative No

Alasdair Monro 04/08/2020 tyres buy No

Alasdair Monro 04/08/2020 isp buy No

Marc Doll 04/08/2020 ajrd buy No

Marc Doll 04/08/2020 vrns buy No

Marc Doll 04/08/2020 mime buy No


Ziggo 2027 Secured

buy No


UPC unsecured

Short / Sell No


VMED GBP 29 secured

buy No

Daniel Hosegood 04/08/2020 MRLSM Negative No

Marc Doll 04/08/2020 vrns buy No

Mariaelena Zecchin 04/08/2020

UBER FB BKNG GM URI CCK GPS MCD V HCA GDS DOCU

buy No


EFN T CP BAM

buy No


RAND, ADEN, KGF, RDS, SREN

buy No

Tomas Melville 04/08/2020 +ve Melrose MRO LN buy Yes

Tomas Melville 04/08/2020 +ve Burford BUR LN buy Yes

Tomas Melville 04/08/2020 +ve DLG DLG LN buy No

Tomas Melville 04/08/2020 neg Diageo DGE LN Short / Sell No

Tomas Melville 04/08/2020 neg Spirax SPX LN Short / Sell No

Tomas Melville 04/08/2020 positive Compass CPG LN buy No

Tomas Melville 04/08/2020 positive Hastings HSTG LN buy No

Alasdair Monro 04/08/2020 six2 Short / Sell No

Alasdair Monro 04/08/2020 bmw buy No

Joel Robinson 04/08/2020

sell BPLN 3⅝ '29 103½/ buy REPSM 3¾ '26 /100¾

Switch No

Marc Doll 04/08/2020 tjx buy No

Allison Lobb 04/08/2020 JD sports Short / Sell No

Allison Lobb 04/08/2020 direct line buy No

Alasdair Monro 03/08/2020 ektab buy No


JCDecaux

Spread Negative No

Alasdair Monro 03/08/2020 shl Short / Sell No

Alasdair Monro 03/08/2020 race Short / Sell No

Fiona Daly 03/08/2020 DGE LN buy No

Nicola Monzini 03/08/2020 TT buy No

Nicola Monzini 03/08/2020 KL cn buy No

Nicola Monzini 03/08/2020 GM buy No

Sarah Cassidy 31/07/2020

GBP FIS 25 / EUR FIS 27 XCCY

Switch No


GBP DLR 4.75% 23 into GBP MPW 2.55% 23

Switch No

Fiona Daly 31/07/2020 FGR FP buy No

Alasdair Monro 31/07/2020 fgr buy No

Fiona Daly 31/07/2020 WEIR LN buy No

Alasdair Monro 31/07/2020 ifx Short / Sell No


sell GBP PEP 22

Short / Sell No

Allison Lobb 31/07/2020 diageo buy No

Allison Lobb 31/07/2020 teamviewer Short / Sell No


Euronet

buy No

Alasdair Monro 30/07/2020 dpw buy No

Alasdair Monro 30/07/2020 a2a Short / Sell No

Alasdair Monro 30/07/2020 qdt buy No

Alasdair Monro 30/07/2020 fme Short / Sell No


Telefonica hybrid

buy No


Telefonica EUR senior

Short / Sell No


Telefonica GBP senior

Neutral / Hold No

Nils Wittenhagen 30/07/2020 RAA GY Short / Sell No

Marc Doll 30/07/2020 BMY Negative No

Marc Doll 30/07/2020 CP CN buy No

Marc Doll 30/07/2020 TDOC buy No

Marc Doll 30/07/2020 RATIOANAL raa gy Negative No

Marc Doll 30/07/2020 uber Negative No

Marc Doll 30/07/2020 tmv gy Negative No


Alasdair Monro 30/07/2020 or Short / Sell No

Alasdair Monro 30/07/2020 ags Short / Sell No

Emilie Oudiz 30/07/2020

Tesla short term upside:

TSLA 21-Aug-20 100%/105%/110%/115% Ecall condor at 1.42% indic offer.

buy 1.42% No

Alasdair Monro 30/07/2020 glen buy No

Alasdair Monro 29/07/2020 dge buy No

Alasdair Monro 29/07/2020 ker Short / Sell No

Alasdair Monro 29/07/2020 fur buy No

Stephen Joseph 29/07/2020 Ergomed sales write up ERGO LN buy 570p N/A No

Nils Wittenhagen 29/07/2020 GALP PL buy No

Nils Wittenhagen 29/07/2020 buy AMD US No

Nils Wittenhagen 29/07/2020 EFN CN buy No

Alasdair Monro 29/07/2020 ana Short / Sell No

Marc Doll 29/07/2020 snps buy No

Alasdair Monro 29/07/2020 csgn buy No


GBP BMW 1.375% 24 into GBP VW 4.25% 25

Switch No

Allison Lobb 28/07/2020 BME buy No

Marc Doll 28/07/2020 csod Negative No

Marc Doll 28/07/2020 iag ln Negative No

Marc Doll 28/07/2020 now buy No

Alasdair Monro 28/07/2020 mc buy No

Charley, Jacobs 28/07/2020

Buy BP/ LN Dec20 250-280-320 Put Spread Collar, offered at GBp 2.00

buy No


Buy GLEN LN Dec20 150-170-210 Put Spread Collar, offered at GBp 4.00

buy No

Alasdair Monro 27/07/2020 eo buy No

Alasdair Monro 27/07/2020 ocdo Short / Sell No

Allison Lobb 27/07/2020 next Short / Sell No

Allison Lobb 27/07/2020 reckitt buy No

Nils Wittenhagen 27/07/2020 KGF LN buy No

Marc Doll 27/07/2020 PHM PHM buy No

Marc Doll 27/07/2020 dnb buy No

Marc Doll 27/07/2020 ctas buy No

Marc Doll 27/07/2020 armk Negative No


Alasdair Monro 27/07/2020 wsu Short / Sell No

Marc Doll 27/07/2020 s wynd wynd Negative No


SELL GBP UNANA 24

Short / Sell No

Ben Horsburgh 24/07/2020

SELL ULFP SENIORS

ULFP Short / Sell No


BUY ULFP hyrbids

ULFP buy No

Alasdair Monro 24/07/2020 cna buy No

Alasdair Monro 24/07/2020 asml Short / Sell No

Alasdair Monro 24/07/2020 ccl Short / Sell No

Justin Freedman 24/07/2020 HD/LOW raising nos HD/LOW buy No

Kavita Vaja 24/07/2020 OKTA US buy No

Marc Doll 24/07/2020 nwl buy No

Marc Doll 24/07/2020 b amd buy No

Marc Doll 24/07/2020 ehth buy No

Alasdair Monro 24/07/2020 rb/ buy No

Marc Doll 24/07/2020 nvda buy No

Marc Doll 24/07/2020 baba buy No


Sell BNP FP Sep20 35 Put at EUR 1.42, EUR 37.07 ref, 33d, 3.83% premium collected

buy No


Buy UMI BB Aug20 42 Put for EUR 0.90 (EUR 44.63 ref, -28d, 2.02% premium)

buy No


Buy BN FP Aug20 63-66 Call Spread for EUR 0.50 (EUR 59.96 ref, 16d, 6x max payout)

buy No

Ben Horsburgh 23/07/2020 KARBON Short / Sell No

Ben Horsburgh 23/07/2020 HOUSFN buy No


ENELIM EUR

ENELIM Short / Sell No


ENELIM USD

ENELIM EUR buy No

Marc Doll 23/07/2020 gold Negative No

Richard Fay 23/07/2020 VZ GBP EUR Switch VZ Switch No

Alasdair Monro 23/07/2020 jun3 buy No

Alasdair Monro 23/07/2020 mt buy No


Allison Lobb 23/07/2020 kingfisher buy No


Buy BOL SS Sep20 260 Call, offered at SEK 7.00

buy No


Buy CS FP Dec20 16-20 Risk Reversal, collect EUR 0.10

buy No


Buy ITX SM Dec20 25-30 Call Spread, offered at EUR 1.03

buy No

Kavita Vaja 22/07/2020 FISV US buy No


BOY LN

Short / Sell No

Allison Lobb 22/07/2020 teamviewer buy No

Nils Wittenhagen 22/07/2020 ANA SM buy No

Nils Wittenhagen 22/07/2020 ADEN SW buy No

Nils Wittenhagen 22/07/2020 CS FP buy No

Nils Wittenhagen 22/07/2020 FGR FP buy No

Alasdair Monro 22/07/2020 kgf buy No

Alasdair Monro 22/07/2020 ucg buy No

Marc Doll 22/07/2020 OLLI buy No

Marc Doll 22/07/2020 dltr buy No

Marc Doll 22/07/2020 carr buy No

Quoc Phong, Dang 22/07/2020 Easyjet buy No

Quoc Phong, Dang 22/07/2020 Manpower buy No

Alasdair Monro 22/07/2020 una buy No

Alison Carr 22/07/2020

HD and LOW. As per analyst recommendation.

buy No


Buy of Costco, Tractor Supply, Ross Stores, TJX, Amazon, Etsy, Shopify, Dollar Tree, Dollar

General, Ollie's Bargain Outlet. As per analyst recommendations.

buy No

Alasdair Monro 21/07/2020 skfb buy No

Alasdair Monro 21/07/2020 schb buy No

Alasdair Monro 21/07/2020 aden buy No

Alasdair Monro 21/07/2020 rr/ Short / Sell No

Quoc Phong, Dang 21/07/2020 BASF AG buy No

Nils Wittenhagen 21/07/2020 ACI US buy No

Francesca Lynch 21/07/2020

SELL AKZANA 1 5/8 04/14/30

BUY BAYNGR 1 1/8 01/06/30 Switch No


SELL MRKGR 0 3/8 07/05/27

BUY MRKGR 0 7/8 07/05/31 Switch No


SELL BAYNGR 0 3/4 01/06/27


Andreas Vassiliou 21/07/2020

SELL XOM 0.142 06/26/24

BUY XOM 0.835 06/26/32 Switch No


SELL ADNA 1 1/8 03/19/26

BUY ADNA 1 3/4 04/02/27 Switch No


SELL RENAUL 1 1/8 01/15/27

BUY RENAUL 1 5/8 05/26/26 Switch No


SELL MO 1.7 06/15/25

BUY MO 2.2 06/15/27 Switch No


SELL WNTRDE 0.452 09/25/23

BUY WNTRDE 1.332 09/25/28 Switch No


SELL VW 2 3/8 09/06/22

SELL VW 1 02/16/23

BUY VW 1 3/8 01/20/25 Switch No

Allison Lobb 21/07/2020 imi buy Yes

Allison Lobb 21/07/2020 aal buy No

Allison Lobb 21/07/2020 kingfisher buy No

Allison Lobb 21/07/2020 g4s buy No

Allison Lobb 21/07/2020 jd sports Short / Sell No

Marc Doll 21/07/2020 hca l hca buy No

Marc Doll 21/07/2020 tdoc tdoc Negative No

Marc Doll 21/07/2020 carr buy No

Marc Doll 21/07/2020 tt buy No

Marc Doll 21/07/2020 spot Negative No

Marc Doll 21/07/2020 etsy etsy Negative No

Marc Doll 21/07/2020 hd hd buy No

Marc Doll 21/07/2020 rost buy No

Marc Doll 21/07/2020 s pton pton Negative No


BRW

buy No


QLT

buy No


QLT LN

buy No

Marc Doll 21/07/2020 cost buy No

Marc Doll 21/07/2020 xyl buy No

Quoc Phong, Dang 21/07/2020 Levi Strauss buy No

Quoc Phong, Dang 21/07/2020 Coca Cola Co buy No

Quoc Phong, Dang 21/07/2020 Hawaiian Holdings buy No

Quoc Phong, Dang 21/07/2020 Universal Health Services buy No

Quoc Phong, Dang 21/07/2020 Encompass Health Corp buy No

Marc Doll 20/07/2020 s jd spot jd spot buy No


NEXT

buy No

Alasdair Monro 20/07/2020 trelb buy No

Alasdair Monro 20/07/2020 lhn buy No

Marc Doll 20/07/2020 amzn B amzn buy No

Marc Doll 20/07/2020 sbac sbac buy No

Marc Doll 20/07/2020 s tdoc tdoc buy No

Alasdair Monro 20/07/2020 knin Short / Sell No


Buy of both HD and LOW. As per analyst recommendation.

buy No

Marc Doll 20/07/2020 ma ma Negative No

Marc Doll 20/07/2020 four four buy No

Marc Doll 20/07/2020 gpn gpn buy No

Marc Doll 20/07/2020 fisv fisv buy No

Quoc Phong, Dang 20/07/2020 JetBlue buy No

Quoc Phong, Dang 20/07/2020 Armstrong World Industries buy No

Quoc Phong, Dang 20/07/2020 CAE buy No

Richard Fay 17/07/2020 Sell VZ, buy T Switch No

Alasdair Monro 17/07/2020 ntgy buy No


Nicola Monzini 17/07/2020 dai gy buy No

Alasdair Monro 17/07/2020 aliv Short / Sell No

Nicola Monzini 17/07/2020 nflx buy No

Alasdair Monro 17/07/2020 top Short / Sell No

Marc Doll 17/07/2020 abt abt buy No

Marc Doll 17/07/2020 s xom xom Negative No

Marc Doll 17/07/2020 s wfc wfc Negative No

Marc Doll 17/07/2020 s rtx rtx Negative No


NESTE

buy No

Marc Doll 17/07/2020 s gm gm Negative No

Alasdair Monro 16/07/2020 cgcbv buy No

Alasdair Monro 16/07/2020 cec buy No


Abertis

Short / Sell No

Alasdair Monro 16/07/2020 noej buy No

Alasdair Monro 16/07/2020 sax Short / Sell No

Quoc Phong, Dang 16/07/2020 Alaska Air buy No

Alasdair Monro 16/07/2020 kcr buy No

Marc Doll 16/07/2020 ajrd ajrd buy No

Marc Doll 16/07/2020 tol tol buy No

Marc Doll 16/07/2020 shop shop buy No


Positive recommendation of SHOP. As per analyst.

buy No

Kavita Vaja 16/07/2020 NOW US buy No

Kavita Vaja 16/07/2020 MC FP buy No


GBP BMW 1.375% 24 into GBP VW 2.125% 24

Switch No

Alasdair Monro 15/07/2020 azn buy No

Alasdair Monro 15/07/2020 iag buy No

Alasdair Monro 15/07/2020 cap buy No

Alasdair Monro 15/07/2020 tel buy No

Pascal Pille 15/07/2020

1y repackaging of 30y government bond with client selling 1y call option on the bond

GB00BFWFPP71 buy 129 No

Alasdair Monro 15/07/2020 tmv Short / Sell No

Marc Doll 15/07/2020 dal dal buy No

Marc Doll 15/07/2020 b gps gps buy No


Thomas Iveson 15/07/2020 spaq buy No

Thomas Iveson 15/07/2020 shll buy No


Call on dispersion Palladium on Canadian utilities. 18m CAD :19.20% strike. @2.55% offer

TickerCompanyBMO CT EquityBank of MontrealBNS CT EquityBank of Nova Scotia/TheCM CT

EquityCanadian Imperial Bank of CommerceRY CT EquityRoyal Bank of CanadaTD CT EquityToronto-

Dominion Bank/TheAQN CT EquityAlgonquin Power & Utilities CorpBIP-U CT EquityBrookfield

Infrastructure Partners LPEMA CT EquityEmera IncFTS CT EquityFortis Inc/CanadaH CT EquityHydro

One LtdPOW CT EquityPower Corp of CanadaSLF CT EquitySun Life Financial IncALA CT

EquityAltaGas LtdBEP-U CT EquityBrookfield Renewable Partners LPNPI CT EquityNorthland Power

IncNA CT EquityNational Bank of Canada

buy No

Kavita Vaja 15/07/2020 SAP GY buy No

Alasdair Monro 14/07/2020 fevr Short / Sell No


IMI

buy No

George Stacey 14/07/2020

Exit shorts in CAD x-mkt

CGBs buy No

Chiara Crognoletti 14/07/2020 1y repackaging of 30y Goverment Bonds with client selling 1y call option on the bond FR0013480613 / DE0001102481 / US912810SN90 buy 105.325 / 100.9 / 97.3 No

Marc Doll 14/07/2020 s abf abf Negative No

Marc Doll 14/07/2020 b sono sono buy No

Marc Doll 14/07/2020 b ctlt ctlt buy No

Daniele Calabrese 14/07/2020 IMI LN buy No

Daniele Calabrese 14/07/2020 VIE FP buy No

Alasdair Monro 14/07/2020 nokia buy No

Alasdair Monro 14/07/2020 oxig Short / Sell No

Marc Doll 14/07/2020 b tdg tdg buy No

Alasdair Monro 14/07/2020 dc/ buy No


Vernon Golding 14/07/2020

Buy CTAS

CTAS buy 12 months $300 No

Alasdair Monro 14/07/2020 hei buy No

Anthony Messina 13/07/2020

+ atl

ATL IM buy No


+ adyen

adyen am buy No


+ tsla

tsla us buy No


Sells VOD 3.1 '23 101.00/

buys TELEFO 2⅝ '23 /98.50

Switch No

Alasdair Monro 13/07/2020 atl buy No

Alasdair Monro 13/07/2020 ubi Short / Sell No

Alasdair Monro 13/07/2020 kgx buy No

Alasdair Monro 13/07/2020 ifx buy No

Marc Doll 13/07/2020 B JPM JPM buy No

Marc Doll 13/07/2020 FIS FIS buy No

Marc Doll 13/07/2020 DOCU DOCU buy No

Marc Doll 13/07/2020 B PING PING buy No

Tomas Melville 13/07/2020 negative UBISOFT UBI FP Short / Sell No

Quoc Phong, Dang 13/07/2020 Zoom Video Communications Short / Sell No


Buy VMW

VMW buy 12 months $181 No

Alasdair Monro 10/07/2020 keskob buy No

Alasdair Monro 10/07/2020 abi buy No

Alasdair Monro 10/07/2020 bas buy No


Recommendation to buy BKNG US. As per analyst recommendation.

buy No

Quoc Phong, Dang 10/07/2020 Nvidia Short / Sell No

Quoc Phong, Dang 10/07/2020 Amazon Short / Sell No

Quoc Phong, Dang 10/07/2020 Netflix Short / Sell No

Quoc Phong, Dang 10/07/2020 Tesla buy No


Buy

ADBE buy 12 months $440 No

Alasdair Monro 09/07/2020 ng/ Short / Sell No

Alasdair Monro 09/07/2020 1cov gy buy No

Alasdair Monro 09/07/2020 rovi buy No

Thomas Iveson 09/07/2020 RTX Short / Sell No


Michelin

buy No


Ferrari

buy No


Compass

Short / Sell No

Roberta Cupito 09/07/2020 DE buy No

Allison Lobb 09/07/2020 Ferrari buy No

Allison Lobb 09/07/2020 MICHELIN buy No

Alasdair Monro 09/07/2020 qgen buy No


Taking some profit in overweight positions in TDOC

Neutral / Hold No


Buy VALE US 18-Dec-20 12-15 Call Spread, offered at 0.66 (26d, USD 10.83 ref, 4.5x max payout

ratio)

VALE US Equity buy No

Alasdair Monro 08/07/2020 fti buy No

Charlotte Dukes 08/07/2020

{GB} ££ Senior Switch Out of MS into CS

Bid: MS 2 ⅝ 03/09/27

Offer: CS 2 ¼ 06/09/28

- Pick 70bps in z- out of the expensive MS & pick yield.

- Works 5x5 Switch No

Ben Horsburgh 08/07/2020 buy EDF No

Ben Horsburgh 08/07/2020 Short / Sell NGGLN No

Jack Lodge 08/07/2020

sell vw 3.5 25-call and buy vw 2.5 22-call

Switch No


SELL EDF 4 25 Senior

EDF Short / Sell No


BUY EDF 4 p24 hybrids

EDF buy No

Alasdair Monro 08/07/2020 inga Short / Sell No

Thomas Iveson 08/07/2020 KINGSPAN buy No

Thomas Iveson 08/07/2020 GOG buy No

Quoc Phong, Dang 08/07/2020 Bohoo buy No


GBP IMBLN 8.125% 24 into GBP MPW 2.55% 23

Switch No


GBP VW 1.75% 22 INTO GBP VW 4.25% 25

Switch No

Alasdair Monro 07/07/2020 eqnr Short / Sell No


FLSmidth

buy No

Daniel Hosegood 07/07/2020 ULFP 2.125% perp buy No

Chiara Crognoletti 07/07/2020 Bond repackaging of Gatwick bond with possibility of iTraxx Europe 5y overlay XS0596919299 / ITRX EUR CDSI S33 5Y buy 119 / 62 No


Energean

Short / Sell No

Richard Fay 07/07/2020 CLEF into GATAIR Switch No

Alasdair Monro 07/07/2020 rto buy No


Richard Fay 07/07/2020 DLR xccy switch Switch No

Nicola Monzini 07/07/2020 CP buy No

Nicola Monzini 07/07/2020 UNP buy No

Kavita Vaja 07/07/2020 UNA NA buy No

Alasdair Monro 06/07/2020 cbk buy No

Alasdair Monro 06/07/2020 fp Short / Sell No


BUY AT&T T 4.875 44 at /G+210 Baa2/BBB/A-

T buy No


£ BRITEL 3.125 31 at G+183/

£ BRITEL 6.375 37 at G+188/

£ VZ 3.375 36 at G+129/

£ VOD 3.375 49 at G+188/

AT&T T 5.5 27 at G+166/

T, BRITEL, VZ, VOD, T Short / Sell No

Fiona Daly 06/07/2020 Short / Sell BHP LN No


Unilever

Short / Sell No

Alasdair Monro 06/07/2020 urw buy No

Allison Lobb 06/07/2020 aviva buy No

Alasdair Monro 06/07/2020 dlar Short / Sell No

Alasdair Monro 06/07/2020 Short / Sell No

Allison Lobb 06/07/2020 unilever Neutral / Hold No

Alasdair Monro 06/07/2020 edp Short / Sell No

Jakub Lichwa 06/07/2020

€ T2 NWIDE 2 07/25/29-24

Short / Sell No


SELL VZ 4.073% 24

Short / Sell No


sell IBM 22

Short / Sell No


CMC

buy No

Alasdair Monro 03/07/2020 wtb buy No

Fiona Daly 03/07/2020 CBG LN buy No

Alasdair Monro 03/07/2020 sem av buy No

Marc Goulet 03/07/2020

SELL EDF 2 10/30 B+

BUY EDF 2 12/49 B+ Switch No

Alasdair Monro 03/07/2020 rr buy No

Nils Wittenhagen 03/07/2020 BPY US buy No

Marc Doll 02/07/2020 abf Negative No

Marc Doll 02/07/2020 hri ln buy No

Kavita Vaja 02/07/2020 DG FP buy No

Alasdair Monro 02/07/2020 lre buy No


Alasdair Monro 02/07/2020 abf Short / Sell No

Fiona Daly 02/07/2020 KGF LN buy No

Marc Doll 02/07/2020 adyen buy No

Marc Doll 02/07/2020 ezj buy No

Marc Doll 02/07/2020 vow buy No


Buy BFCM 1.25 25 at /103

buy BFCM No


Buy BFCM 1.25 25 at /103

Short / Sell BFCM No

Marc Doll 02/07/2020 lre l buy No

Alasdair Monro 02/07/2020 dbk Short / Sell No

Marc Doll 02/07/2020 efn cn efn cn buy No

Duncan Lake 02/07/2020 BWY '24 Short / Sell No

Tomas Melville 02/07/2020 positive CINE CINE LN buy No

Tomas Melville 02/07/2020 positive MRO MRO LN buy No

Tomas Melville 02/07/2020 negative HLMA HLMA LN Short / Sell No

Tomas Melville 02/07/2020 positive POLY POLY LN buy No

Tomas Melville 02/07/2020 positive Burford BUR LN buy Yes

Roberta Cupito 02/07/2020 DOCU buy No

Roberta Cupito 02/07/2020 DOCU buy No

Roberta Cupito 02/07/2020 SPOT buy No

Alasdair Monro 02/07/2020 ree buy No

Allison Lobb 02/07/2020 lancashire buy No

Allison Lobb 02/07/2020 vinci buy No


Johary Rakotoarivelo 02/07/2020

Yield enhancement and participation ideas on ESG stocks

GILD UQ / LOW UN / MSFT UQ / NVDA UQ / HD UN / ADS GY / HON UN / SU FP / URW NA / AV/ LN buy 76.35 / 135.71 / 206.26 / 384.49 / 248.50 / 244.60 / 145.02 / 98.28 / 51.44 / 278.70 No


Quoc Phong, Dang 01/07/2020 Weir Group buy No

Quoc Phong, Dang 01/07/2020 Michelin buy No

Fiona Daly 01/07/2020 FEVR LN Short / Sell Yes

Alasdair Monro 01/07/2020 cln buy No

Alasdair Monro 01/07/2020 abbn buy No

Alasdair Monro 01/07/2020 con Short / Sell No

Marc Doll 01/07/2020 CRNC CRNC buy No

Marc Doll 01/07/2020 rost rost buy No

Alasdair Monro 01/07/2020 azn buy No

Marc Doll 01/07/2020 ptc ptc buy No

Marc Doll 01/07/2020 hca hca buy No

Marc Doll 01/07/2020 rost rost buy No

Marc Doll 01/07/2020 b tsla tsla buy No

Marc Doll 01/07/2020 b rtx buy No

Marc Doll 01/07/2020 B SHOP SHOP buy No


ADS

buy No

Marc Doll 01/07/2020 fis fis buy No

Marc Doll 01/07/2020 cboe cboe buy No

Marc Doll 01/07/2020 s whr whr Negative No

Marc Doll 01/07/2020 wdc wdc Negative No

Marc Doll 01/07/2020 s f f Negative No

Andrea Marcheggiano 30/06/2020

SELL WFC 1 1/8 10/29/21 +71/ z+41 0.045%

BUY WFC 1 1/2 09/12/22 /+111 z+78 0.40%

BUY WFC 0 1/2 04/26/24 /+138 z+103 0.66%

Switch No

Alasdair Monro 30/06/2020 gmab buy No

Alasdair Monro 30/06/2020 umi Short / Sell No

Chiara Crognoletti 30/06/2020

Bond repackaging of General Electric Bonds with fixed coupons and coupons linked to CMS20 and

CMS1010 XS1612543121 / US36166NAB91 / US36962GXZ26 / EURCMS20 / EURCMS1010 buy 94.6 / 103.92 / 122.7 / 0.058% / 0.293% No

Allison Lobb 30/06/2020 ihg buy No

Alasdair Monro 30/06/2020 gle buy No

Allison Lobb 30/06/2020 adidas Neutral / Hold No

Alasdair Monro 30/06/2020 sev buy No

Thomas Iveson 30/06/2020 BE ENERGY buy No

Thomas Iveson 30/06/2020 DBK buy No

Tomas Melville 30/06/2020 positive Unabail URW NA buy No

Ben Horsburgh 30/06/2020 BFCM Short / Sell No

Ben Horsburgh 30/06/2020 buy BNP No

Allison Lobb 30/06/2020 adp buy No

Marc Doll 30/06/2020 b gm gm buy No

Fiona Daly 30/06/2020 FGR FP buy No

Quoc Phong, Dang 30/06/2020 Halliburton buy No

Thomas Iveson 30/06/2020 BNGO buy No

Quoc Phong, Dang 30/06/2020 Adient buy No

Lisa Tugwell 30/06/2020 AFM - personal 5 year blue sky scenario - emailed to all AFM LN buy 187 5 years blue sky 1470p No

Alasdair Monro 29/06/2020 drx buy No

Daniel Hosegood 29/06/2020 TLG hybrid buy No


SELL SIEGR 0.9 02/28/28

BUY SIEGR 0 3/8 06/05/26 Switch No


SELL ABIBB 1 1/8 07/01/27

BUY ABIBB 2 7/8 04/02/32 Switch No

Adam Robertson 29/06/2020

SELL MCD 1.6 03/15/31

BUY BATSLN 3 1/8 04/07/28

BUY ABIBB 2 7/8 04/02/32

BUY JABHOL 3 3/8 04/17/35 Switch No


SELL APAAU 2 07/15/30

BUY TCLAU 3 04/08/30 Switch No


ADPFP 1 1/2 07/02/32

SELL ARRFP 1 1/2 01/17/33 Switch No

Nils Wittenhagen 29/06/2020 LIN GY buy Yes

Nicola Monzini 29/06/2020 BBY buy No

Nicola Monzini 29/06/2020 MSFT buy No

Alasdair Monro 29/06/2020 mt Short / Sell No

Daniel Hosegood 29/06/2020 KHC 2028 buy No

Marc Doll 29/06/2020 s amzn amzn Negative No

Marc Doll 29/06/2020 b wmg wmg buy No

Marc Doll 29/06/2020 b zi zi buy No

Marc Doll 29/06/2020 b carr carr buy No

Nicola Monzini 26/06/2020 APTV buy No

Nicola Monzini 26/06/2020 PPG buy No

Nicola Monzini 26/06/2020 ADI buy No


€ T2 SOCGEN 1 3/8 02/23/28-23

Short / Sell No


BUY ACCIONA

ANA SM buy No

Alasdair Monro 26/06/2020 wdi Short / Sell No

Alasdair Monro 26/06/2020 bats Short / Sell No

Alasdair Monro 26/06/2020 dbk Short / Sell No

Fiona Daly 26/06/2020 RWE GY buy No

Fiona Daly 26/06/2020 BME LN buy No

Tomas Melville 26/06/2020 neg wirecard WDI GY Short / Sell No


Tomas Melville 26/06/2020 negative DBK DBK GY buy No

Tomas Melville 26/06/2020 negative DBK - correct earlier entry DBK GY Short / Sell No

Daniel Hosegood 25/06/2020 MCD into BATS, ABI an JAB Switch No

Alasdair Monro 25/06/2020 cap buy No


RBC € GE EXTENSION

SELL GE 0.375 05/22

BUY GE 0.875 05/25 Switch No

Nils Wittenhagen 25/06/2020 GE US buy No

Nils Wittenhagen 25/06/2020 SMWH LN buy Yes

Nils Wittenhagen 25/06/2020 BP LN Short / Sell No

Daniele Calabrese 25/06/2020 RDSA NA buy No

Daniele Calabrese 25/06/2020 FCA IM buy No

Daniele Calabrese 25/06/2020 RWE GY Neutral / Hold No

Thomas Iveson 25/06/2020 LAND Short / Sell No

Alasdair Monro 25/06/2020 blnd Short / Sell No

Allison Lobb 25/06/2020 rightmove Short / Sell No

Allison Lobb 25/06/2020 british land Short / Sell No

Tomas Melville 25/06/2020 neg Wirecard WDI GY Short / Sell No

Tomas Melville 25/06/2020 positive CPI CPI N buy No

Quoc Phong, Dang 25/06/2020 AngloGold Ashanti buy No

Quoc Phong, Dang 25/06/2020 Spotify Short / Sell No

Quoc Phong, Dang 25/06/2020 PNC buy No

Quoc Phong, Dang 25/06/2020 Truist Financial buy No


royal dutch shell

buy No


bp

Short / Sell No

Allison Lobb 25/06/2020 BP Short / Sell No

Alasdair Monro 24/06/2020 eucar buy No

Marc Doll 24/06/2020 b vmw vmw buy No


Sell LLOYDS 1 1/2 09/12/27

Buy LLOYDS 0 1/2 11/12/25 Switch No

Marc Doll 24/06/2020 tyl b tyl buy No

Marc Doll 24/06/2020 b wbs wbs buy No

Marc Doll 24/06/2020 chwy b chwy buy No

Fiona Daly 24/06/2020 FEVR LN buy No

Kavita Vaja 24/06/2020 VMW US buy No

Kavita Vaja 24/06/2020 DELL US buy No

Daniel Hosegood 24/06/2020 AKZO into FIRMEN Switch No

Allison Lobb 24/06/2020 convatec buy No

Allison Lobb 24/06/2020 fevertree buy Yes

Allison Lobb 24/06/2020 spirax Short / Sell No

Allison Lobb 24/06/2020 rightmove Short / Sell No


Orsted, RWE, Acciona

buy No

Thomas Iveson 24/06/2020 BAER Short / Sell No

Alasdair Monro 24/06/2020 dlg gygy Short / Sell No

Marc Doll 24/06/2020 s spot spo Negative No

Marc Doll 24/06/2020 s pypl pypl Negative No

Marc Doll 24/06/2020 d pfe pfe Negative No


Olivier Van Der Haegen 24/06/2020 Buy a 1y 99 Digi Put for 13.9% USDBuy a 1y 102-97 Put Spread for 0.775% USD USDJPY put options buy 107 1y 95 No

Quoc Phong, Dang 24/06/2020 Slack Technologies buy No

Quoc Phong, Dang 24/06/2020 Barrick Gold buy No


SELL JD

JD/ LN Short / Sell No


Dual digits bullish US Biotechnology and US Healthcare and bearish US retail and US Energy

XBI UP / XLV UP / XRT UP / XLE UP Spread Positive 111.42 / 97.75 / 41.58 / 37.11 No


DT EUR belly and GBP

Short / Sell No

Alasdair Monro 23/06/2020 vacn Short / Sell No

Fiona Daly 23/06/2020 KER FP Short / Sell No

Thomas Iveson 23/06/2020 BAYER buy No

Alasdair Monro 23/06/2020 bayn buy No

Justin Freedman 23/06/2020 MA buy MA buy No

Tomas Melville 23/06/2020 positive DSV DSV DC buy No


Tomas Melville 23/06/2020 positive CEY LN CEY LN buy No

Tomas Melville 23/06/2020 positive FRES FRES N buy No

Marc Doll 23/06/2020 CARR CARR buy Yes

Marc Doll 23/06/2020 trip trip buy Yes

Marc Doll 23/06/2020 snps snps buy No

Marc Doll 23/06/2020 wcc b wcc buy No

Marc Doll 23/06/2020 wrb b wrb buy No


Fevertree

buy No


Spirax Sarco

Short / Sell No

Duncan Lake 23/06/2020 ARGID 2.125% '26 buy No

Duncan Lake 23/06/2020 BWY 4.75% '24 Short / Sell No

Duncan Lake 23/06/2020 CC 4.000% '26 Short / Sell No

Duncan Lake 23/06/2020 AXTA '25 Short / Sell No


Sell SPX

SPX LN Short / Sell No


Bond repackaging of Welltower Bond with fixed coupons and coupons linked to EUR CMS20 and

CMS1010 XS1139918012 / EURCMS20 / EURCMS1010 buy 115.25 / 0.081% / 0.324% No

Alasdair Monro 22/06/2020 akza buy No

Alasdair Monro 22/06/2020 knin buy No

William Bushby 22/06/2020

CS £ extension

Sell CS 2.125% 24-25 +

Buy CS 2.25% 27-28 /+

Pick bps for sub 3yr extension, works Switch No

Marc Doll 22/06/2020 B GOLD GOLD buy No

Marc Doll 22/06/2020 B NEM NEM buy No

Marc Doll 22/06/2020 B KL KL buy No

Marc Doll 22/06/2020 bkng bkng buy No

Marc Doll 22/06/2020 ctas ctas buy No

Quoc Phong, Dang 22/06/2020 Albemarle buy No

Quoc Phong, Dang 22/06/2020 Nutanix buy No


SES

buy No

Stephen Joseph 22/06/2020 Long GWS.LN GWS.LN buy 8212 3pm n/a No

stephen joseph 22/06/2020 Long CEY CEY.LN buy 172 3pm n/a No

Stephen Joseph 22/06/2020 PLUS 500 Long PLUS.LN buy 1245 3pm n/a No

Stephen Joseph 22/06/2020 Long DNLM DNLM.LN buy 1229 3pm n/a No

stephen joseph 22/06/2020 Long G4S.LN G4S.LN buy 1400p 3pm n/a No

Stephen Joseph 22/06/2020 Long BOO.LN BOO.LN buy 410 3pm n/a No

Stephen Joseph 22/06/2020 Long MONY MONY.LN buy 339 3pm n/a No

Stephen Joseph 22/06/2020 Long SCTS.LN SCTS.LN buy 1097 3pm n/a No

Stephen Joseph 22/06/2020 Long RMV.LN RMV.LN buy 579 3pm n/a Yes

Stephen Joseph 22/06/2020 Long VTYV.LN VTYV.LN buy 784 3pm n/a No

Marc Doll 19/06/2020 b sie sie gy buy No

Roberta Cupito 19/06/2020 GM buy No

Roberta Cupito 19/06/2020 SRCL buy No

Roberta Cupito 19/06/2020 TDOC Neutral / Hold No

Alasdair Monro 19/06/2020 wdi buy No


€ T2 HSBC 3 1/8 06/07/28

Short / Sell No


SOCGEN 1 3/8 02/23/28-23

Short / Sell No


€ T2 CABKSM 2 1/4 04/17/30-25

buy No

Fiona Daly 19/06/2020 BHP LM buy No

Marc Doll 19/06/2020 b cp cp buy No


ABBV - as per analyst recommendation

buy No

David Parkinson 19/06/2020

gilt-bund spread widener

Switch No


5s/30s or 10s/30s curve steepener

Switch No

Kavita Vaja 19/06/2020 AAL LN buy No


Buy GOCO

GOCO LN buy No


DUFN SW with spot trading at 35.28 ref

3m 110% Ecall you can sell for 9.6% ( bid for about 1mio notional)

1m 110% Ecall you can sell for 5.65%

DUFN SW buy 35.28 No


Buy shares at throughout the year benefitting from a current high vol regime.

Accumulator leveraged 2x 69.83 ref

Knock out: 110%

1% Upfront paid to the client

monthly settlement

2m guaranteed period

strike 76.11%

257 fixings with a 44 guaranteed period.

AIR FP buy No


26.55ref

Accor 18-dec-20 23/30 Risk Reversal for even money.

6 months skew is elevated with the 90% puts in the 88% percentile in a 2 year period.

AC FP buy 26.55 No

Marc Doll 18/06/2020 TYL btyl buy No

Marc Doll 18/06/2020 pcty b pcty buy No

Marc Doll 18/06/2020 b shop shop buy No

Marc Doll 18/06/2020 b lmt lmt buy No

Marc Doll 18/06/2020 aal ln aal ln buy No


GFS

buy No

Marc Doll 18/06/2020 b g4s ln gfs ln buy No

Nicola Monzini 18/06/2020 BMRN buy No


ZAL

buy No

Tomas Melville 18/06/2020 positive GFS GFS LN buy No

Tomas Melville 18/06/2020 positive WDI WDI GY buy No

Tomas Melville 18/06/2020 positive AAL AAL LN buy No


Leveraged upside exposure to FANGU basket

FB UQ / AMZN UQ / NFLX UQ / GOOGL UQ / UBER UN buy 234.93 / 2638 / 441.03 / 1446.47 / 33.09 271 / 3300 / 500 / 1500 / 52 No


VMC - as per analyst recommendation

buy No


Buy G4S

GFS LN buy No


Buy RTN

RTN LN buy No

Nicola Monzini 17/06/2020 BBY buy No


Alasdair Monro 17/06/2020 sse buy No

Fiona Daly 17/06/2020 GFS LN buy No


ASOS

buy No

Quoc Phong, Dang 17/06/2020 Helmerich Payne buy No


Cross Regions Optimized Basket on global indices

SPX / SX5E / UKX / NKY / HSCEI buy 3113.49 / 3267.26 / 6253.25 / 22455.76 / 9909.63 No


Cross Sectors Optimized Basket on US Sectors

XLI UP / XLU UP / XLV UP / XLP UP / XLB UP buy 70.35 / 59.16 / 100.13 / 59.62 / 56.31 No


EMEA Stocks Optimized Basket

T UN / VOD LN / MC FP / KER FP / ABI BB / AIR FP / BNP FP / INGA NA buy 30.26 / 129.1 / 379.15 / 507 / 46.14 / 69.75 / 35.955 / 6.55 No


€ T2 DB 5 5/8 05/19/31-26

buy No

Chiara Crognoletti 17/06/2020 Credit Linked Note linked to a single name or a basket of US Municipal Entities buy No

Alasdair Monro 16/06/2020 dufn buy No

Thomas Iveson 16/06/2020 CRH buy No

Alasdair Monro 16/06/2020 abc Short / Sell No

Tomas Melville 16/06/2020 neg AHT AHT LN Short / Sell No

Tomas Melville 16/06/2020 negative SSE SSE LN Short / Sell No


Buy BBOX

BBOX LN buy No


Buy SMS

SMS LN buy No


Buy UPR

UPR LN buy No

Chiara Crognoletti 16/06/2020 Skew note on CDX North America IG paying fixed or lightly structured coupon Markit CDX North America Investment Grade Series 34 buy 69.184 No

Allison Lobb 15/06/2020 Sandvik Short / Sell No

Allison Lobb 15/06/2020 clinigen buy No

Alasdair Monro 15/06/2020 salm Short / Sell No

Alasdair Monro 15/06/2020 sand Short / Sell No

Alasdair Monro 15/06/2020 clin buy No

Alasdair Monro 15/06/2020 ttalo buy No

Alasdair Monro 15/06/2020 ifx Short / Sell No

Justin Freedman 15/06/2020 UPS relative UPS buy No

Thomas Iveson 15/06/2020 GOOS buy No

Thomas Iveson 15/06/2020 COLM buy No

Tomas Melville 15/06/2020 positive Clinigen CLIN N buy No

Thomas Iveson 15/06/2020 UAL buy No

Thomas Iveson 15/06/2020 delta buy No

Thomas Iveson 15/06/2020 ccl buy No

Thomas Iveson 15/06/2020 royal caribbean buy No

Thomas Iveson 15/06/2020 southwestern buy No


Sandvik

Short / Sell No


€ T2 HSBC 3 06/30/25

buy No


€ T2 CMZB 4 12/05/30-25

Short / Sell No


SANUK vs CS £ Switch

Sell £ SANUK 2.92% 25-26

Buy £ CS 2.25% 27-28 Switch No

Allison Lobb 12/06/2020 rational Short / Sell No

Allison Lobb 12/06/2020 dbk Short / Sell No

Allison Lobb 12/06/2020 legrand Short / Sell No

Alasdair Monro 12/06/2020 cine buy No

Allison Lobb 12/06/2020 SAP Short / Sell No

Alasdair Monro 12/06/2020 eo Short / Sell No

Justin Freedman 12/06/2020 AAPL relative AAPL buy No

Marc Doll 12/06/2020 s tdoc tdoc Negative No

Marc Doll 12/06/2020 B LULU lulu buy No

Marc Doll 12/06/2020 b adbe adbe buy No

Marc Doll 12/06/2020 b crwd crwd buy No


Killam. As per analyst recommendation.

buy No

Quoc Phong, Dang 12/06/2020 Fith Third Bancorp Short / Sell No

Quoc Phong, Dang 12/06/2020 Alaska Air Short / Sell No

Quoc Phong, Dang 12/06/2020 Pan American Silver buy No

Alasdair Monro 12/06/2020 novob buy No


Recovery Reverse Convertible with fixed coupon and redemption linked to CMS10 EUR and CMS10

USD

CMS10 EUR, CMS10 USD / RBC issuer buy CMS10 EUR Spot, CMS10 USD Spot, EUR1y swap, USD 1y swap No

Daniel Hosegood 11/06/2020 PVH 2027 buy No


Marc Doll 11/06/2020 b cci cci buy No

Alasdair Monro 11/06/2020 sap Short / Sell No

Quoc Phong, Dang 11/06/2020 Albemarle Short / Sell No

Quoc Phong, Dang 11/06/2020 Helmerich Payne Short / Sell No

Quoc Phong, Dang 11/06/2020 Micron buy No


Quoc Phong, Dang 11/06/2020 AMD Short / Sell No

Quoc Phong, Dang 11/06/2020 Freeport McMoran Short / Sell No

Quoc Phong, Dang 11/06/2020 Royal Caribbean Cruises Short / Sell No

Quoc Phong, Dang 11/06/2020 Wells Fargo Short / Sell No

Quoc Phong, Dang 11/06/2020 Prudential Financial Inc Short / Sell No

Allison Lobb 11/06/2020 hsbc Short / Sell No

Allison Lobb 11/06/2020 lvmh Short / Sell No

Allison Lobb 11/06/2020 essilor Short / Sell No

Allison Lobb 11/06/2020 polymetal buy No

Allison Lobb 11/06/2020 asos Short / Sell No

stephen joseph 11/06/2020

Boeing. As per analyst recommendation.

buy No

Allison Lobb 10/06/2020 lre buy No

Tomas Melville 10/06/2020 positive RTN LN RTN LN buy No

Tomas Melville 10/06/2020 positive Genmab GMAB DC buy No

Tomas Melville 10/06/2020 positive Mitchells MAB LN buy No

Tomas Melville 10/06/2020 positive ABBN SW ABBN SW buy No

Allison Lobb 10/06/2020 g4s buy No

Allison Lobb 10/06/2020 experian, ashtead, iwg Neutral / Hold No

Kavita Vaja 10/06/2020 KER FP buy No

Alasdair Monro 10/06/2020 jmat Short / Sell No


Kavita Vaja 10/06/2020 RWE GY buy No

Marc Doll 10/06/2020 s etsy etsy Negative No

Alasdair Monro 10/06/2020 tkwy Negative No

Alasdair Monro 10/06/2020 jet Short / Sell No

Fiona Daly 10/06/2020 FERR SM buy No


Enhanced Yield Reverse Convertible on Financial Basket

Positive view on Financials

BNP FP / SAN SM / INGA NA / JPM UN / BAC UN / C UN Positive 37.35 / 2.4305 / 6.864 / 108.54 / 27.28 / 57.30 No

Quoc Phong, Dang 10/06/2020 Unibail Rodamco buy No

Quoc Phong, Dang 10/06/2020 General Electric buy No


SELL GBP UNANA 24 / BUY WELLTR 21

Switch No

Alasdair Monro 09/06/2020 jysk buy No


BUY £ SSELN 4.625 37 /G+123 (122 outright)

SSELN buy No


SELL £ ORSTED 4.875 32 G+108/

ORSTED Short / Sell No

Nils Wittenhagen 09/06/2020 itx sm buy No

Fiona Daly 09/06/2020 KER FP buy No

Nicola Monzini 09/06/2020 KL cn buy No

Fiona Daly 09/06/2020 GFS LN buy No

Alasdair Monro 09/06/2020 cfr buy No

Marc Doll 09/06/2020 s wfc w Negative No

Marc Doll 09/06/2020 b spot spot buy Yes

Tomas Melville 09/06/2020 neg Spirax Sarco SPX N Short / Sell No

Tomas Melville 09/06/2020 negative Richemont CFR SE Short / Sell No

Marc Doll 09/06/2020 b amzn amzn buy No

Alasdair Monro 08/06/2020 kgf buy No

Fiona Daly 08/06/2020 KGF LN buy No

Nicola Monzini 08/06/2020 gild buy No

Nicola Monzini 08/06/2020 amzn buy No

Alasdair Monro 08/06/2020 htg buy No

Alasdair Monro 08/06/2020 gild buy No

Alasdair Monro 08/06/2020 givn Short / Sell No

Marc Doll 08/06/2020 s nflx nflx Negative No

Marc Doll 08/06/2020 b htws ln htws ln buy Yes

Marc Doll 08/06/2020 b kpti kpti buy No

Alasdair Monro 08/06/2020 sabr buy No

Justin Freedman 08/06/2020 Source of funds of large cap tech. Look at the relatives MSFT, AAPL, GOOGL, AMZN, FB buy No


Swiss Re

buy No


ITX

buy No


JD

Short / Sell No


KGF

buy No

Allison Lobb 08/06/2020 gilead buy No

Marc Doll 08/06/2020 s baba baba Negative No

Marc Doll 08/06/2020 s mmm mmm Negative No

Justin Freedman 08/06/2020 PRU relatuve looking good PRU US buy No

Alasdair Monro 08/06/2020 kmb Short / Sell No

Quoc Phong, Dang 08/06/2020 Slack Technologies buy No

Quoc Phong, Dang 08/06/2020 Halliburton Short / Sell No

Quoc Phong, Dang 08/06/2020 Baker Hughes Short / Sell No


Quoc Phong, Dang 08/06/2020 JetBlue Short / Sell No

Quoc Phong, Dang 05/06/2020 First Majestic Silver buy No


Alasdair Monro 05/06/2020 fgr buy No

Alasdair Monro 05/06/2020 clnx Short / Sell No

stephen joseph 05/06/2020 tmv Short / Sell No

Allison Lobb 05/06/2020 whitbread buy No


Buy DFS as per nalyst recommendation

DFS buy 57.05 6 months 70 No

Allison Lobb 05/06/2020

long RDS, short Equinor as a pair

RDS buy No

Allison Lobb 05/06/2020 ocado Short / Sell No

Allison Lobb 05/06/2020 ferrovial buy No

Alasdair Monro 05/06/2020 rr/ buy No

Marc Doll 05/06/2020 avgo avgo Neutral / Hold No

Marc Doll 05/06/2020 work Neutral / Hold No

Marc Doll 05/06/2020 docu docu buy No

Marc Doll 05/06/2020 bac b bac buy No

Allison Lobb 05/06/2020 aal Short / Sell No

Alasdair Monro 05/06/2020 essity Short / Sell No

Marc Doll 05/06/2020 b eb eb buy No

Marc Doll 05/06/2020 b snap snap buy No

Justin Freedman 05/06/2020 VFC: Relative looking interesting.. Stores have to be restocked VFC buy 68.87 No


Tomas Melville 05/06/2020 negative Essity ESSITYB SS Short / Sell No

Tomas Melville 05/06/2020 positive WEIR WEIR LN buy No

Tomas Melville 05/06/2020 positive Randstad RAND NA buy No

Tomas Melville 05/06/2020 positive Adecco ADEN SW buy No

Tomas Melville 05/06/2020 positive IAG IAG LN buy No

Roberta Cupito 05/06/2020 GOOS buy No

Roberta Cupito 05/06/2020 LULU Negative No

Roberta Cupito 05/06/2020 MCD buy No

Marc Doll 05/06/2020 iii iii buy No

George Stacey 05/06/2020

Steepen 10s30s US cash vs gilts

UKT and UST buy Steepen 10s30s UST at 80.3 Vs flatten 10s30s GBP (4T30/49s) at 38.6bp No

Alasdair Monro 04/06/2020 viv buy No

Alasdair Monro 04/06/2020 lun Short / Sell No


MC

buy No


Marc Doll 04/06/2020 m bac bac buy No

Marc Doll 04/06/2020 b gs gs buy Yes

Marc Doll 04/06/2020 b gm gm buy No

Justin Freedman 04/06/2020 Attractive here on the chart F & GM buy 29.23 GM & F 6.25 No

Marc Doll 04/06/2020 b vow gy vow gy buy No

Marc Doll 04/06/2020 s cien cien Negative No

Justin Freedman 04/06/2020 MU: Chart breaking up through resistance MU buy 51.28 No


Recommendation to buy bank stocks, BAC, C,

buy No


Recommendation to buy hotel stocks MAR and HLT

buy No


Bond repackaging of Anglo American Bond with fixed coupons and coupons linked to EUR CMS20

and CMS1010 USG0446NAR55 / EURCMS20 / EURCMS1010 buy 116.37 / 0.173% / 0.408% No

Alasdair Monro 03/06/2020 expn buy No

Alasdair Monro 03/06/2020 sgsn buy No


GS into RBS £ switch

Sell £ GS 4.25% 26

Buy £ RBS 3.125% 26-27

Pick ps works , good compression trade Switch No


Nicholas Harrison 03/06/2020 RWE short call hybrid buy No


Tomas Melville 03/06/2020 negative Anglo AAL LN Short / Sell No

Alasdair Monro 03/06/2020 tif buy No

Alasdair Monro 03/06/2020 aal Short / Sell No

Marc Doll 03/06/2020 b sfy sfy buy No

Jack Lodge 03/06/2020 sell CCE 26 EUR and buy BATS 24 EUR Switch No

Marc Doll 03/06/2020 b mar mar buy No

Marc Doll 03/06/2020 s mtdr mtdr Negative No

Allison Lobb 03/06/2020 lvmh buy No

Allison Lobb 03/06/2020

Long – Aviva (new Chairman will save the day), Axa, Legals, Lancashire, Direct Line, Munich Re

Short – British Land, Derwent, Great Portland, Segro (albeit structurally it is in a better industry it is

very pricey!) , Vonovia, Unibail (my choice not Julian's – he recently upgraded as he thinks its too

cheap!)

Long Insurance, Short REITS buy No

Marc Doll 03/06/2020 s etsy etsy Negative No

Marc Doll 03/06/2020 s ncr ncr Negative No

Alasdair Monro 03/06/2020 vk buy No


BNP

buy No

Ben Horsburgh 02/06/2020 GS Short / Sell No

Ben Horsburgh 02/06/2020 buy RBS No

Ben Horsburgh 02/06/2020 C buy No

Ben Horsburgh 02/06/2020 HSBC buy No

Ben Horsburgh 02/06/2020 BACR buy No


Alasdair Monro 02/06/2020 colr Short / Sell No

Alasdair Monro 02/06/2020 as Short / Sell No

Alasdair Monro 02/06/2020 ads buy No

Fiona Daly 02/06/2020 SIE GY buy No


anadeus

Short / Sell No

Tomas Melville 02/06/2020 positive INTU INTU N buy No


RBC CAD Callable note

CAD rates, CAD Swaption / RBC Issuer buy No

Alasdair Monro 01/06/2020 boo Short / Sell No

Alasdair Monro 01/06/2020 sab buy No

Daniele Calabrese 01/06/2020 ABI BB buy No

Daniel Hosegood 01/06/2020 FGPLN buy No

Lisa Tugwell 01/06/2020 coats prefer over weir which is top pick in smid book coats buy 44p long term 80p No

Tomas Melville 01/06/2020 positive CINE CINE LN buy No

Allison Lobb 01/06/2020 unilever buy No

Quoc Phong, Dang 01/06/2020 Zoom Video Communications Short / Sell No

Richard Fay 29/05/2020 LANDLN exntension Switch No

Daniel Hosegood 29/05/2020 ABIBB buy Yes

Kavita Vaja 29/05/2020 ABI BB buy No


This relationship is too tight

Sell 5m £ RBS 3.622% 25-30

Buy 5m £ RBS 3.125% 26-27

T2 into Holdco Switch No


£ GS into C 26s

Sell GS 4.25% 26

Buy C 1.75% 26

Works

Move from GS to C for drop Switch No


I'm sure this has been propped by a few but we are at best terms now

Sell RBS 3.622% 25-30

Buy BACR 3.75% 25-30 Switch No


WFC 29 freebie

Sell WFC 3.5% 09/29

Buy WFC 2.5% 05/29

Switch No

Allison Lobb 29/05/2020 flutter buy No

Allison Lobb 29/05/2020 bme buy No

Marc Doll 29/05/2020 b ctas ctas buy No

Marc Doll 29/05/2020 b fis fis buy Yes

Marc Doll 29/05/2020 b hca hca buy No


Buy of UBER - as per analyst recommendation

buy No

Alasdair Monro 28/05/2020 cine Short / Sell No

Quoc Phong, Dang 28/05/2020 Easyjet buy No

Quoc Phong, Dang 28/05/2020 Rolls Royce buy No

Quoc Phong, Dang 28/05/2020 AXA buy No

Quoc Phong, Dang 28/05/2020 BASF AG buy No

Quoc Phong, Dang 28/05/2020 Anheuser Busch buy No

Quoc Phong, Dang 28/05/2020 Galp buy No

Tomas Melville 28/05/2020 positive gym group GYM LN buy Yes

Tomas Melville 28/05/2020 positive LLOY LN LLOY LN buy No

Tomas Melville 28/05/2020 positive Bodycote BOY LN buy No

Tomas Melville 28/05/2020 positive Altice ATC NA buy No

Tomas Melville 28/05/2020 positive Stagecoach SGC LN buy No

Tomas Melville 28/05/2020 positive Clinigen CLIN LN buy No

Allison Lobb 28/05/2020 abi buy No

Alasdair Monro 28/05/2020 rno Short / Sell No

Alasdair Monro 28/05/2020 vod buy No

Alasdair Monro 28/05/2020 oxb buy No

Alasdair Monro 28/05/2020 cnhi buy No

Tomas Melville 28/05/2020 positive CNH IM CNH IM buy No




SELL GS 26s

BUY HSBC 3 28

GS HSBC Switch No


Trade Idea: Buy SGSN SW 18-Dec-20 2000-2400 Risk Reversal, receive 0.20 (58d, CHF 2232

ref)Sell SGSN SW US 12/18/20 P2000 Equity to collect 67.25.10 (25d, 24iv, CHF 2232 ref)Buy SGSN

SW US 12/18/20 C2400 Equity to pay 67.05 (33d, 20iv, CHF 2232 ref)

SGSN SW Risk Reversal buy No


Buy SX5E 18-Sep-20 2800-2500 Put Spread, offered at 45.73067 fut ref, -14d

SX5E Put Spread buy 45.7 No


Buy XOP US 17-Jul-20 50-60 Risk Reversal, collect 14c 55.17 USD ref, 62d

XOP US Risk Reversal buy -0.14 No


Buy of Boeing, as per analyst recommendation.

buy No

Lisa Tugwell 28/05/2020 Clinigen, building additional upside to base case so towards bull case scenario, in email clin ln buy 886p long term 1740p No


Bond repackaging of Bayer Bond with fixed coupons and coupons linked to EUR CMS20 and

CMS1010 US07274NAN30 / EURCMS20 / EURCMS1010 buy 119.03 / 0.0965% / 0.302% No


Quoc Phong, Dang 27/05/2020 Barrick Gold buy No

Kavita Vaja 27/05/2020 AU US buy No

Allison Lobb 27/05/2020 Long Next, Short Boohoo pair trade buy No

Allison Lobb 27/05/2020 cineworld buy No

Alasdair Monro 27/05/2020 lpk Short / Sell No

Alasdair Monro 27/05/2020 lha Short / Sell No

Marc Doll 27/05/2020 s ipg ipg Short / Sell No

Marc Doll 27/05/2020 b dis dis buy No

Marc Doll 27/05/2020 s amzn amzn Negative No

Tomas Melville 27/05/2020 neg LHA LHA GR Short / Sell No

Tomas Melville 27/05/2020 positive Klepierre LI FP buy No


Buy of healthcare REIT sector.

buy No

Justin Freedman 27/05/2020 Sell MSFT MSFT Negative 177.54 No


Dixons Carphone

Short / Sell No

Nils Wittenhagen 26/05/2020 OLLI US buy No


Allison Lobb 26/05/2020 klepierre buy No

Quoc Phong, Dang 26/05/2020 Teladoc buy No


Sell EQNR NO 09/18/20 C165 Equity to collect NOK 4.90 (3.30% premium, 32iv, 33d, 148.50 NOK

ref)

EQNR NO Calls Short / Sell 4.90 No

Jacques Favre 26/05/2020 With the US economy emerging faster than previously tought, construction sector should benefit URI buy 137.5 3 months 154 No

Daniele Calabrese 25/05/2020 rdsa na buy No

Daniele Calabrese 25/05/2020 EQNR NO Switch No

Nicola Monzini 25/05/2020 DOCU buy No

Kavita Vaja 22/05/2020 ITX SM Equity buy No

Tomas Melville 22/05/2020 short HSBC HSBA N Short / Sell No


SELL £ SANUK 2.92% 25-26 +231/ £z+201

SANUK Short / Sell No

Allison Lobb 22/05/2020 next buy No

Allison Lobb 22/05/2020 dixons Short / Sell No

Allison Lobb 22/05/2020 abf Short / Sell No

Allison Lobb 22/05/2020 JD sports Short / Sell No

Tomas Melville 22/05/2020 positive Marstons MARS LN buy No

Allison Lobb 22/05/2020 Marston buy No

Alasdair Monro 22/05/2020 teg buy No

Alasdair Monro 22/05/2020 leg Short / Sell No

Alasdair Monro 22/05/2020 mars buy No

Kavita Vaja 21/05/2020

BA US buy No


RBC € MRDGF EXTENSION

SELL - MRDGF 4.5 12/23

BUY - MRDGF 2.25 04/29 Switch No

Alasdair Monro 21/05/2020 wtb Short / Sell No

Anthony Messina 21/05/2020 nexi buy No

Fiona Daly 21/05/2020 ANA SM buy No

Fiona Daly 21/05/2020 DC/ LN Short / Sell No


RBC € AT&T shortener

SELL T 1.8 09/39

BUY T 2.6 05/38 Switch No

Marc Doll 21/05/2020 b HCA hca buy No

Marc Doll 21/05/2020 b bkng bknb buy No


Allison Lobb 21/05/2020 marks and spencer buy No


Trade Idea: Buy GD US 20-Nov-20 120-150 Risk Reversal for zero premium (65d, USD 136.99

ref)Sell GD US 11/20/20 P120 Equity to collect 7.10 (28d, 37iv, USD 136.99 ref)Buy GD US 11/20/20

C150 Equity to pay 7.10 (37d, 32iv, USD 136.99 ref)

GS US Risk Reversal buy 0 No

Chiara Crognoletti 21/05/2020 6-month Reverse Convertible note with participation linked to EUR CMS spread EUR 5s30s / EUR 10s30s buy 0.268% / 0.119% No


Serco

buy No

Alasdair Monro 20/05/2020 wmh buy Yes

Alasdair Monro 20/05/2020 nokia buy No


eircom 2026

buy No

Daniele Calabrese 20/05/2020 ANA SM buy No

Daniele Calabrese 20/05/2020 RDSA NA buy No

Daniele Calabrese 20/05/2020 BP/ LN buy No

Roberta Cupito 20/05/2020 CTAS US buy No

Roberta Cupito 20/05/2020 VFC US buy No

Roberta Cupito 20/05/2020 ECL US buy No

Kavita Vaja 20/05/2020 SUBC NO buy No

Alasdair Monro 20/05/2020 ccl buy No

Nicola Monzini 20/05/2020 MPC buy No

Alasdair Monro 20/05/2020 itrk Short / Sell No

Alasdair Monro 20/05/2020 aldx buy No

Marc Doll 20/05/2020 b spot spot buy Yes

Marc Doll 20/05/2020 bkng bkng buy Yes

Tomas Melville 20/05/2020 neg RMG RMG LN Short / Sell No

Tomas Melville 20/05/2020 positive GYM GYM LN buy Yes

Tomas Melville 20/05/2020 negative EZJ EZJ LN Short / Sell No

Tomas Melville 20/05/2020 negative Schneider SU FP Short / Sell No

Tomas Melville 20/05/2020 positive IMB IMB LN buy No

Quoc Phong, Dang 20/05/2020 First Quantum buy No


Altice international

SFR

Spread Positive No

Marc Doll 20/05/2020 baba Negative No


Trade Idea: Energy and Financials Rebound

2Y USD Leveraged Capped Booster on Energy and Financials

CVX UN / SLB UN / OXY UN / VLO UN / HAL UN / MPC UN / COP UN / JPM UN / BAC UN / C UN / GS UN / XLE UP / XLF UPbuy 92.65 / 18.06 / 14.96 / 68.06 / 111.885 / 36.68 / 43.875 / 91.31 / 22.915 / 45.46 / 181.43 / 39.14 / 22.085 No


AC CN, GE, BKNG, Hotel Sector. As per analyst recommendations.

buy No

Alasdair Monro 19/05/2020 ug buy No

Alasdair Monro 19/05/2020 fca Short / Sell No

Nicholas Harrison 19/05/2020 VW buy No

Nicola Monzini 19/05/2020 RDSA LN buy No

Nicola Monzini 19/05/2020 WMT buy No


-NWIDE INTO LLOYDS

NWIDE 1 1/2 03/08/26-25

LLOYDS 0 1/2 11/12/25-24

LLOYDS 3 1/2 04/01/26-25

Switch No


SANTAN into SANSCF

SANTAN 0 1/4 06/19/24

SANSCF 1 02/27/24

Switch No

Alasdair Monro 19/05/2020 ezj Short / Sell No

Alasdair Monro 19/05/2020 sie buy No

Alasdair Monro 19/05/2020 su Short / Sell No

Marc Doll 19/05/2020 b ge ge buy No

Allison Lobb 19/05/2020 compass Short / Sell No

Allison Lobb 19/05/2020 hennes Short / Sell No



Gym Group

buy No


Polymetal

buy No


Imperial Brands

buy No


Buy GILD Aug20 82.5-92.5 Call Spread, offered at 1.88 (5.3x max payout ratio, 16d, USD 74.76

ref) Buy GILD US 08/21/20 C82.5 Equity to pay 3.00 (33d, 39.55iv, USD 74.76 ref)Sell GILD US

08/21/20 C92.5 Equity to collect 1.12 (17d, 39.07iv, USD 74.76 ref)

GILD US Call Spread buy 1.88 No

Alasdair Monro 18/05/2020 cpg buy No

Nils Wittenhagen 18/05/2020 CPG LN Short / Sell No

Nils Wittenhagen 18/05/2020 BME LN buy No

Allison Lobb 18/05/2020 compass buy No

Kavita Vaja 18/05/2020 EXPE US buy No



30s/50s to flatten

Switch No


Buy Cintas

CTAS buy $237 12 months $270 No

Marc Doll 18/05/2020 b ual ual buy No

Kavita Vaja 18/05/2020 SNAP US buy No

Fiona Daly 15/05/2020 SRP LN buy No

Nicholas Harrison 15/05/2020

FCA -> F

Switch No

Nils Wittenhagen 15/05/2020 G1A GY buy No

Alasdair Monro 15/05/2020 bt/a Short / Sell No

Tomas Melville 15/05/2020 positive Tullow TLW LN buy No

Tomas Melville 15/05/2020 positive Serco SRP LN buy No

Tomas Melville 15/05/2020 Positive Boohoo BOO LN buy No

Tomas Melville 15/05/2020 negative RMG RMG LN Short / Sell No

Tomas Melville 15/05/2020 negative EXPN LN EXPN LN Short / Sell No


Trade Idea: Buy DWNI GR 18-Sep-20 34-40 Risk Reversal, collect 5cSell DWNI GR 09/18/20 P34

Equity to collect 0.95 (28d, 24.00iv, EUR 37.46 ref)Buy DWNI GR 09/18/20 C40 Equity to pay 0.90

(26d, 24.50iv, EUR 37.46 ref)

DWNI GR Equity buy 37.46 No


Buy SPX Jun20 2700-2500 Put Spread at $30.30

SPX Index buy 2853 No

Quoc Phong, Dang 15/05/2020 SQM buy No


Quoc Phong, Dang 15/05/2020 Chevron buy No

Fiona Daly 15/05/2020 DHER GY buy No


Recommended UBER FB and LYFT. As per analyst recommendation.

buy No


Let’s take a look at £ AVLN 5.9021% 20-49

* Callable on the 27/07/2020 (10 weeks)

* 6m+188bp reset with 6month calls

* T1 grandfathered 100% until 2025

AVLN 6.125% 22-49 trades

* High chance of call given higher (5yr+240bp reset) and 5yr calls

Pricing AVLN 5.9021% to call gives

* of upside

Pricing AVLN 5.9021% to 2025 gives

* downside

Currently pricing in % chance of call (ignoring carry etc but roughly)

* Factors affecting the call include diminishing capital on market moves (Covid), AVLNs planned

deleveraging and their monumental mess-up on the retail prefs calls in 2018.

AVLN 5.9021% 20-49 Switch No

Kavita Vaja 14/05/2020 CSCO US buy No

Daniel Hosegood 14/05/2020 SBB buy No

Daniel Hosegood 14/05/2020 DOW WLK LYB Negative No

Marc Doll 14/05/2020 s zm zm Negative No

Marc Doll 14/05/2020 l ping ping buy No

Marc Doll 14/05/2020 l ctas ctas buy No

Marc Doll 14/05/2020 b jpm jpm buy No

Marc Doll 14/05/2020 b mtdr mtdr buy Yes

Tomas Melville 14/05/2020 short Pets PETS LN Short / Sell No


Tomas Melville 14/05/2020 positive Altice buy No


ITRK

Short / Sell No


TELUS

ELEMENT FLEET

THOMSON REUTERS

BARRICK

CANADIAN PACIFIC

buy No

Quoc Phong, Dang 14/05/2020 Helmerich Payne buy No

Alasdair Monro 14/05/2020 expn Short / Sell No

Fiona Daly 14/05/2020 ADEN SW buy No

Fiona Daly 14/05/2020 AHT LN buy No

Marc Doll 14/05/2020 b aqua aqua buy No


DLR

buy No



C 26s into 24s - Been banging on about this for a few sessions, can't believe it hasn't traded

Sell C 1.75% 26

Buy C 2.75% 24

Switch No


STANLN into LLOYDS

Sell STANLN 4.375% 38 A2/BBB+/A

Buy LLOYDS 6.5% 40 Aa3/A+/A+

Switch No


BACR moving aggressively wider this morning in £, curve optimisation switch:

Sell 5m BACR 3.25% 27

Buy 5m BACR 3% 26

Switch No


SELL

NATUEN 2.065 09/27

BUY

AQUASM 2.629 06/27 Switch No

Marc Doll 13/05/2020 s abf abf ln Negative No


TMV

buy No

Marc Doll 13/05/2020 b kl kl buy No

Marc Doll 13/05/2020 l dhr dhr buy Yes


Trade Idea: Long Stock + Short Aug20 Puts

Sell BLUE US 08/21/20 P50 Equity to collect $5.70 (10.02% premium, 30d, 78.90iv, 56.86 ref)

BLUE US Equity buy 56.86 No


Buy HYG Aug 75-65 Put Spread, offered at $1.60

HYG US Equity buy 79.24 No

Allison Lobb 13/05/2020 legal and general buy No

Allison Lobb 13/05/2020 rwe buy No


Reverse convertibles on the theme of "Work From Home".

-Video Games

-Streaming Services

-Collaborative/Remote tools

-Telecommunication Services

NVDA UQ / EA UQ / NFLX UQ / AMZN UQ / DIS UN / MSFT UQ / VMW UN / VZ UN / T UN buy 311.20 / 116.90 / 438.27 / 2367.92 / 102.92 / 179.75 / 134.86 / 54.85 / 28.09 No


Buy SPX 19-Jun-20 2700-2500 Put Spread, offered at $30.30 2853.25 fut ref, 15d, 6.6x max payout

ratio

SPX Put Spread buy 30.30 No


PHNXLN 5.625% 31

PICORP 4.625% 31

Switch looks decent I think to Switch No

Fiona Daly 12/05/2020 HEN3 GY buy No


BNP 1 1/2 05/25/28 pref

Switches:

Into pref comp: BPCEGP 0 5/8 01/15/30

Into NPS: BNP 1 3/8 05/28/29 Switch No


Alasdair Monro 12/05/2020 pets Short / Sell No

Kavita Vaja 12/05/2020 EQNR NO buy No


SELL

ENELIM 1.5 07/25

BUY

ACEIM 0.5 04/29 Switch No

Alasdair Monro 12/05/2020 ire buy No

Fiona Daly 12/05/2020 ASML NA buy No


BME

buy No


Bond repackaging of Daimler Bond with fixed coupons and coupons linked to EUR CMS20 and

CMS1010 US233835AQ08 / EURCMS20 / EURCMS1010 buy 137 / 0.091% / 0.297% No

Quoc Phong, Dang 11/05/2020 Xylem buy No

Quoc Phong, Dang 11/05/2020 Anglo Gold Ashanti buy No

Quoc Phong, Dang 11/05/2020 Adient buy No


Quoc Phong, Dang 11/05/2020 Truist Financial buy No

Quoc Phong, Dang 11/05/2020 Freeport McMoran buy No

Quoc Phong, Dang 11/05/2020 Lundin Mining buy No


Andrew Ord 11/05/2020 Spire Healthcare buy No

Duncan Lake 11/05/2020 BWY '24 Positive No

Duncan Lake 11/05/2020 ARGID '26 Short / Sell No


Trade Idea: Buy VALE US 18-Sep-20 10-12 Call Spread for $0.39 (5.1x max payout ratio) Buy

VALE US 09/18/20 C10 Equity to pay 0.50 (34d, 48.97iv, USD 8.52 ref)Sell VALE US 09/18/20 C12

Equity to collect 0.11 (13d, 42.91iv, USD 8.52 ref)

VALE US Equity buy 8.52 No

Kavita Vaja 08/05/2020 T CN Equity buy No

Nicola Monzini 08/05/2020 DBX buy No

Marc Doll 08/05/2020 s expe expe Negative No

Daniele Calabrese 08/05/2020 SIE GY Neutral / Hold No

Marc Doll 08/05/2020 s trip trip Negative No

Roberta Cupito 08/05/2020 UBER buy No

Roberta Cupito 08/05/2020 CCK buy No

Marc Doll 08/05/2020 s ttd ttd Negative No


telefonica hybrids and eur 10 year senior

Spread Positive No


BT hybrid

Short / Sell No


SES hybrid

buy No


BT GBP senior

Short / Sell No


TDC

buy No

Tomas Melville 07/05/2020 positive GEA G1A GR buy No

Tomas Melville 07/05/2020 negative HMB SS HMB SS Short / Sell No

Thomas Iveson 07/05/2020 ZO1 buy No


DPLM

Short / Sell No

Alasdair Monro 07/05/2020 g1a buy No

Alasdair Monro 07/05/2020 rec buy No

Alasdair Monro 07/05/2020 eoan Short / Sell No


LYFT and UBER. As per analyst recommendations.

buy No


Trade Idea: Buy ADEN SW 18-Dec-20 36-44 Risk Reversal, collect €0.21 Sell ADEN SW 12/18/20

P36 Equity to collect 2.82 (31d, 37.91iv, EUR 40.24 ref)Buy ADEN SW 12/18/20 C44 Equity to pay

2.61 (41d, 32.12iv, EUR 40.24 ref)

ADEN SW Equity buy 40.24 No

Kavita Vaja 06/05/2020 PINS US Equity buy No

Marc Doll 06/05/2020 fltr fltr buy No

Marc Doll 06/05/2020 s ocdo ocdo Negative No


CMZB SWITCH

Cl buys CMZB 1 03/04/26 /+173 z+127 100.03

Cl sells CMZB 0 1/2 12/04/26 +174/ z+127 96.70

Switch No

Quoc Phong, Dang 06/05/2020 Baker Hughes buy No


Quoc Phong, Dang 06/05/2020 First Quantum buy No

Quoc Phong, Dang 06/05/2020 Freeport McMoran buy No

Marc Doll 06/05/2020 s raa raa Negative No

Marc Doll 06/05/2020 s lha lha Negative No

Marc Doll 06/05/2020 s iag iag Negative No


3Y USD Best of profile, bullish Equities / US Bonds / Gold / US REITS

SPY UP / EFA UP / EEM UP / LQD UP / HYG UP / GLD UP / IYR UP Positive 286.19 / 55.42 / 35.90 / 128.37 / 79.25 / 73.60 No

Kavita Vaja 06/05/2020

put writing screen with suggestion to put write top 10 names in the screen

INGA NA Equity MKL UN Equity COLD UN Equity DUK UN Equity SRCL UQ Equity BAM UN Equity UBER UN Equity CP UN Equity CNQ UN Equity TFC UN Equitybuy No

Marc Doll 06/05/2020 s pii pii Negative No

Marc Doll 06/05/2020 s pii pii Negative No

Alasdair Monro 06/05/2020 adp buy No




£ VMUKLN 5% 21-26 worth a look?

m /

- Getting to the Feb 21 call, if you price this to maturity you still get so wider than senior holdco

VMUKLN 3.375% 25-26 trades at /

- Results pretty decent today buy No


Allison Lobb 06/05/2020 anglo gold ashanti buy No


Refiners - including Philips 66. As per analyst recommendation.

buy No

Richard Fay 05/05/2020 TRANLN UKMBAS TRANLN UKMBAS Switch No

Allison Lobb 05/05/2020 delivery hero buy No

Allison Lobb 05/05/2020 flutter/stars buy No

Marc Doll 05/05/2020 b verbund verbund buy No

Marc Doll 05/05/2020 s rdsb rdsb Negative No

Marc Doll 05/05/2020 s dbk dbk Negative No

Marc Doll 05/05/2020 b ng ng buy No

Marc Doll 05/05/2020 b dlg dlg buy No

Alasdair Monro 05/05/2020 ambu Short / Sell No

Alasdair Monro 05/05/2020 bnp buy No


Tomas Melville 05/05/2020 positive Pandora PNDORA DC buy No

Tomas Melville 05/05/2020 positive Dufry DUFN SE buy No

Marc Doll 05/05/2020 s spg spg Negative No

Nicola Monzini 05/05/2020 cvs us buy No

Raghav Gumber 05/05/2020 SPY/XLF/XLI/XLE/XLU/XLP/XLC/XLV/XLB/XLK Spread Positive No


Solid Q120 earnings release. Buy Clarivate as per analyst recommendation

CCC buy $24 12 months 28 No



Trade Idea: Buy CVS US 20-Nov-20 55-65 Risk Reversal, collect $0.45 Sell CVS US 11/20/20 P55

Equity to collect 4.50 (35d, 37.64iv, USD 59.95 ref)Buy CVS US 11/20/20 C65 Equity to pay 4.05 (41d,

35.22iv, USD 59.95 ref)

CVS US Equity buy 59.95 No


sells ENGIFP 3¼ Nov-24

buys ENGIFP 1⅝ Apr-25

Switch No

Alasdair Monro 04/05/2020 alv Short / Sell No


Telefonica

Spread Positive No


VMED

Spread Positive No


BT

Spread Negative No

Tomas Melville 04/05/2020 positive Total FP FP buy No

Kavita Vaja 04/05/2020 HMB SS Equity buy No


HMB

Short / Sell No


SAN

Short / Sell No

Allison Lobb 04/05/2020 teamviewer buy No

Allison Lobb 04/05/2020 hennes Neutral / Hold No


Daniel Hosegood 01/05/2020 WHR Negative No


Trade Idea: Buy MCD 210 Sep-Dec Call Calendar for $4.35 net spendSell MCD US 09/18/20 C210

Equity to collect 4.30 (27d, 26.32iv, USD 187.56 ref)Buy MCD US 12/18/20 C210 Equity to pay 8.65

(33d, 29.37iv, USD 187.56 ref)

MCD US buy 187.56 210 No

Daniele Calabrese 01/05/2020 RDSA LN Neutral / Hold No

Daniele Calabrese 01/05/2020 TMV GY Neutral / Hold No

Roberta Cupito 01/05/2020 AMZN buy No

Roberta Cupito 01/05/2020 HD Negative No

Allison Lobb 01/05/2020 glencore Short / Sell No

Allison Lobb 01/05/2020 Laing buy No

Marc Doll 01/05/2020 s hd hd Negative No


Buy of LULU

buy No

Raghav Gumber 01/05/2020

Outperformance

XLF UP / XLI UP / XLE UP Spread Positive 22.26 / 62.55 / 36.35 No



sells TELEFO 3¾ '22

buys SESGFP 4⅝ '22

Switch No


telenet

Spread Neutral No

Alasdair Monro 30/04/2020 rb/ Short / Sell No

Paul Adams 30/04/2020 NOW US buy No

Nikesh Parmar 30/04/2020

€ MEDTRONIC EXTENSION AT WIDES

Sell MDT 1.625 31

Buy MDT 2.25 39 Switch No

Paul Adams 30/04/2020 DIS UN buy No

Tomas Melville 30/04/2020 positive G4S GFS N buy No

Tomas Melville 30/04/2020 negative Compass CPG LN Short / Sell No

Tomas Melville 30/04/2020 positive Shell RDSA LN buy No

Tomas Melville 30/04/2020 negative LHA LHA GR Short / Sell No

Marc Doll 30/04/2020 l tdoc tdoc buy No

Marc Doll 30/04/2020 l ehth ehth buy No

Allison Lobb 30/04/2020 RDS buy No


Allison Lobb 30/04/2020 burberry Short / Sell No

Alasdair Monro 30/04/2020 rbs Short / Sell No


Nicola Monzini 30/04/2020 VLO buy No

Nicola Monzini 30/04/2020 ROP buy No

Roberta Cupito 30/04/2020 SNPS buy No


SELL WFC 1 02/02/27

BUY WFC 0 5/8 08/14/30

Switch No


XPS

buy No


DRAX

buy No

Alasdair Monro 29/04/2020 nxt Short / Sell No





Alasdair Monro 29/04/2020 bcrx buy No

Fiona Daly 29/04/2020 RAND NA buy No

Fiona Daly 29/04/2020 ABF LN Short / Sell No

Tomas Melville 29/04/2020 neg Next NXT LN Short / Sell No

Tomas Melville 29/04/2020 negative LHA LHA GR Short / Sell No

Tomas Melville 29/04/2020 positive Marstons MARS N buy No

Tomas Melville 29/04/2020 positive Airbus AIR FP buy No

Tomas Melville 29/04/2020 negative Nestle NESN SW Short / Sell No


Tomas Melville 29/04/2020 positive Dufry DUFN SE buy No

Tomas Melville 29/04/2020 positive Melrose MRO N buy Yes

Tomas Melville 29/04/2020 positive EZJ N buy No

Tomas Melville 29/04/2020 positive EZJ LN - with ticker EZJ LN buy No


Nils Wittenhagen 28/04/2020 BP/ LN Short / Sell No

Nils Wittenhagen 28/04/2020 FP FP buy No

Allison Lobb 28/04/2020 next buy No

Allison Lobb 28/04/2020 melrose buy No




sell ORAFP 1¾ Dec-26

buy ORAFP 2⅜ Jan-25 Switch No

Paul Adams 28/04/2020 dis buy No

Marc Doll 28/04/2020 s dhr dhr Negative No


Marc Doll 28/04/2020 s dfs dfs Negative No

Marc Doll 28/04/2020 l akam akam buy No


BBVA

Short / Sell No

Quoc Phong, Dang 28/04/2020 Gilead buy 90 No


€ MEDTRONIC SHORTENER

Sell MDT 0.25 25

Buy MDT 0 22

Switch No

Alasdair Monro 27/04/2020 tel Short / Sell No

Alasdair Monro 27/04/2020 abf ln Short / Sell No

Alasdair Monro 27/04/2020 colob Short / Sell No


SELL BNFP 0.571 03/17/27

BUY BATSLN 3 1/8 04/07/28

BUY MCFP 0 1/8 02/11/28

BUY AUCHAN 2 7/8 01/29/26

BUY ABIBB 2 03/17/28 Switch No


SELL AIB 2 1/4 07/03/25

BUY BKIR 1 3/8 08/29/23

Switch No

Alasdair Monro 27/04/2020 d6h Short / Sell No

Alasdair Monro 27/04/2020 oet buy No

Fiona Daly 27/04/2020 RAND NA buy No


Tomas Melville 27/04/2020 negative Conti CON GY Short / Sell No

Tomas Melville 27/04/2020 positive OET OET NO buy No

Jacques Favre 27/04/2020 Investors have already discounted quite a weak quarter; earnings should be a clearing event. googl buy 1280 1400 No

Duncan Lake 27/04/2020 CCK'25 Short / Sell No


Joseph Sayers 24/04/2020

Bid: ARGID 2.125 26

Offer: ARDFIN 5 27 Ardagh Switch No

Alasdair Monro 24/04/2020 knin Short / Sell No

Joseph Sayers 24/04/2020 Sell MATTER 3.125 26 MATTER 3.125 26 Short / Sell 96.5 No

Paul Adams 24/04/2020 VFC US buy No

Alasdair Monro 24/04/2020 dwni Short / Sell No

Marc Doll 24/04/2020 s armk Negative No

Nils Wittenhagen 24/04/2020 AWK US buy No

Nils Wittenhagen 24/04/2020 BEP CN buy No

Marc Doll 24/04/2020 s mtdr Negative No

Tomas Melville 24/04/2020 neg Lufthansa LHA GR Short / Sell No

Tomas Melville 24/04/2020 positive L&G LGEN LN buy No

Tomas Melville 24/04/2020 negative Salzgitter SZG GY Short / Sell No

Tomas Melville 24/04/2020 negative DWNI GY DWNI GY Short / Sell No



sells VW 3⅞ '27 92¼/

buys VW 3¾ '21 /98½

Switch No


UCGIM Can SWITCH you out of 30s into either 1.625 25s or 1.2 26s

Switch No

Alasdair Monro 22/04/2020 rand buy No

Alasdair Monro 22/04/2020 aden Short / Sell No

Alasdair Monro 22/04/2020 gfj Short / Sell No

Alasdair Monro 22/04/2020 mrk buy No

Quoc Phong, Dang 22/04/2020 Netflix Short / Sell 380 No

Marc Doll 22/04/2020 b uber buy No

Marc Doll 22/04/2020 s nflx Negative No



Tomas Melville 22/04/2020 negative Centrica CNA N Short / Sell No


Tomas Melville 22/04/2020 negative Fevertree FEVR LN Short / Sell No


Clinigen

buy No

Thomas Iveson 22/04/2020 MC Short / Sell No

Allison Lobb 22/04/2020 SAP Short / Sell No

Paul Adams 22/04/2020 snap us buy No

Andrew Ord 22/04/2020 FeverTree buy No

Allison Lobb 21/04/2020 ing Short / Sell No

Alasdair Monro 21/04/2020 vpk Short / Sell No

Allison Lobb 21/04/2020 wartsila Short / Sell No

Quoc Phong, Dang 21/04/2020 Teladoc Short / Sell 150 No


SWITCH BAC 21 into 22

b+137/ z+94 into /+161 z+116 7x7

Switch No


Alasdair Monro 20/04/2020 nesn Short / Sell No

Quoc Phong, Dang 20/04/2020 Flir buy 60 No

Allison Lobb 20/04/2020 abi buy No

Allison Lobb 20/04/2020 britvic buy No


Fiona Daly 20/04/2020 DGE LN Short / Sell No

Fiona Daly 20/04/2020 BVIC LN buy No

Marc Doll 20/04/2020 l mtdr buy No

Marc Doll 20/04/2020 s docu Negative No

Marc Doll 20/04/2020 s orcl buy No

Marc Doll 20/04/2020 s adbe Negative No

Marc Doll 20/04/2020 s intu Negative No

Quoc Phong, Dang 20/04/2020 Albemarle buy 100 No

Andrew Ord 20/04/2020 AB Foods Short / Sell No

Andrew Ord 20/04/2020 ABInBev Short / Sell No

Duncan Lake 20/04/2020 Merlin unsecured 2027 Negative No


SELL AIRFP 2 3/8 04/07/32

BUY AIRFP 2 04/07/28 Switch No

Paul Adams 17/04/2020 fp fp buy No

Paul Adams 17/04/2020 RDSA NA buy No


Alasdair Monro 17/04/2020 neste Short / Sell No

Quoc Phong, Dang 17/04/2020 BASF buy 60 No

Quoc Phong, Dang 17/04/2020 Siemens buy 110 No

Andrew Ord 17/04/2020 BRW LN buy No



Bid : BDX 0.632 06/04/23

Offer: ZBH 2.425 12/13/26 Switch No

Alasdair Monro 17/04/2020 biocryst buy No

Alasdair Monro 17/04/2020 gild Short / Sell No

Marc Doll 17/04/2020 s mmm Negative No

Tomas Melville 17/04/2020 positive Cineworld CINE LN buy No

Tomas Melville 17/04/2020 positive Sulzer SUN SW buy No

Tomas Melville 17/04/2020 negative Neste NESTE FH Short / Sell No


Servicemaster

buy No

Duncan Lake 17/04/2020 INEGRP unsecured buy No

Nils Wittenhagen 16/04/2020 ADSK US buy No

Nils Wittenhagen 16/04/2020 RAND NA buy No


ADS long

buy No


SELL FRPTT 1.375 04/32

BUY FRPTT 0.625 10/26 Switch No

Richard Fay 16/04/2020 HTHROW Shortener Switch No

Alasdair Monro 16/04/2020 nzymb buy No

Alasdair Monro 16/04/2020 drw3 Short / Sell No

Alasdair Monro 16/04/2020 phia Short / Sell No

Alasdair Monro 16/04/2020 spx Short / Sell No

Nicola Monzini 16/04/2020 CB buy No

Allison Lobb 16/04/2020 Burberry Short / Sell No

Quoc Phong, Dang 16/04/2020 Xilinx buy 120 No

Quoc Phong, Dang 16/04/2020 Microsoft buy No

Marc Doll 16/04/2020 l NTV buy No

Marc Doll 16/04/2020 s ATKR Negative No

Quoc Phong, Dang 16/04/2020 Amazon Short / Sell No

Allison Lobb 15/04/2020 adidas Short / Sell No

Allison Lobb 15/04/2020 danone buy No

Allison Lobb 15/04/2020 hunting Short / Sell No

Alasdair Monro 15/04/2020 dsy buy No



SELL BNFP 0.571 03/17/27

BUY CAFP 2 5/8 12/15/27 Switch No


SELL KHC 2 1/4 05/25/28

BUY PVH 3 1/8 12/15/27 Switch No

Fiona Daly 15/04/2020 buy BVIC LN No


EDP

buy No

Tomas Melville 15/04/2020 positive Hiscox HSX LN buy No

Tomas Melville 15/04/2020 negative Adidas ADS GR Short / Sell No

Tomas Melville 15/04/2020 negative Tullow TLW LN Short / Sell No

Tomas Melville 15/04/2020 negative WIZZ WIZZ N Short / Sell No

Paul Adams 15/04/2020 ADS GY Equity buy No

Paul Adams 15/04/2020 BHP LN buy No

Paul Adams 15/04/2020 rio ln buy No

Duncan Lake 15/04/2020 SGMS unsecured Positive No

Alasdair Monro 14/04/2020 hsx Short / Sell No

Alasdair Monro 14/04/2020 itx buy No


Bid : CMCSA 0 ¼ 05/20/27

Offer: PUBFP 1 ¼ 06/13/28 Switch No

Allison Lobb 14/04/2020 hiscox Short / Sell No

Allison Lobb 14/04/2020 IHG buy No

Nils Wittenhagen 14/04/2020 BABA US buy Yes

Tomas Melville 14/04/2020 negative Hiscox HSX LN Short / Sell No

Tomas Melville 14/04/2020 negative Hunting HTG LN Short / Sell No


Tomas Melville 14/04/2020 positive Energean ENOG LN buy Yes

Fiona Daly 14/04/2020 WMH LN buy No

Duncan Lake 14/04/2020 INEGRP secured Short / Sell No

Duncan Lake 14/04/2020 OI '25 buy No

Duncan Lake 14/04/2020 CCK '25 Short / Sell No

Roberta Cupito 10/04/2020 GOOG Negative No

Nicola Monzini 09/04/2020 UBER buy No

Alasdair Monro 09/04/2020 cine buy No


Abertis

Spread Positive No


Quoc Phong, Dang 09/04/2020 Nvidia buy No


Quoc Phong, Dang 09/04/2020 Masco buy No

Marc Doll 09/04/2020 HCA buy No

Marc Doll 09/04/2020 UBER buy No

Marc Doll 09/04/2020 CAE CN buy No

Marc Doll 09/04/2020 SRCL buy No

Marc Doll 09/04/2020 aph buy Yes

Marc Doll 09/04/2020 f b Short / Sell No


Tomas Melville 09/04/2020 positive Energean ENOG LN buy Yes


Tomas Melville 09/04/2020 positive Centamin CEY LN buy No

Tomas Melville 09/04/2020 positive Cineworld CINE LN buy No

Marc Doll 09/04/2020 s mtdr Short / Sell No


SSE short

Short / Sell No


WMH

buy No


BME, HSV, WEIR, REE, TKO, FLTR

buy No

Marc Doll 09/04/2020 mmm Short / Sell No

Joseph Sayers 08/04/2020

Axed seller ALTICE unsecured:

Senior/sub differential has compressed but the sub remains the best value proposition and the pick

of the bonds is the ALTICE 8.0% trading at nearly 8.0% YTM, wide vs 28s ALTICE buy 100.5 Yes


LLOYDS into C/WFC £ Switch

Sell £ 5m LLOYDS 1.875% 25-26

- € comp - LLOYDS 3.5% 25-26

* LLOYDS expensive in £

Buy £ 5m C 2.75% 24

- € comp - C 2.375% 24

* C at least cheap in £

or

Buy £ 5m WFC 2% 25

- € comp - WFC 1.625% 25

- WFC at least cheap in £ Switch No

Alasdair Monro 08/04/2020 asc Short / Sell No

Alasdair Monro 08/04/2020 cln buy No

Alasdair Monro 08/04/2020 ehth Short / Sell No


Alasdair Monro 08/04/2020 ehth Short / Sell No

Alasdair Monro 08/04/2020 mtro Short / Sell No

Allison Lobb 08/04/2020 weir buy No

Jacques Favre 08/04/2020 on the back of a discussion with the analyst covering the stock DOCU buy 87.97 2 months 120 No

Alasdair Monro 07/04/2020 dia buy No

Alasdair Monro 07/04/2020 tka gy buy No

Alasdair Monro 07/04/2020 vws buy No

Alasdair Monro 07/04/2020 tom no Short / Sell No

Paul Adams 07/04/2020 EOAN GY buy No

Paul Adams 07/04/2020 RWE GY buy No


CNH

Short / Sell No

Alasdair Monro 07/04/2020 weir buy No


UCGIM NPS reduction:

SELL UCGIM 1.8 01/20/30

BUY UCGIM 1 5/8 07/03/25-24

Switch No


Roberta Cupito 07/04/2020 buy NFLX No

Roger Appleyard 06/04/2020 A summary of single name views in the HY TMT sector, including Likes and Dislikes Bonds from a range of issuers Switch No


Klepierre

buy No


AVIVA

buy No


ASHTEAD

buy No


RIchemont

buy No


REPSOL

buy No

Tomas Melville 06/04/2020 positive G4S GFS LN buy No

Tomas Melville 06/04/2020 positive Hunting HTG N buy No


Sell EOFP 2.375 06/15/27

vs

Buy ZFFNGR 2.5 10/23/27

Switch No

Nils Wittenhagen 03/04/2020 DHR US buy No

Nils Wittenhagen 03/04/2020 DOCU US buy No

Kavita Vaja 03/04/2020 DAI GY buy No

Paul Adams 03/04/2020 BMW GY buy No




Roberta Cupito 03/04/2020 ADBE Negative No

Nicola Monzini 02/04/2020 MU buy No

Daniele Calabrese 02/04/2020 RWE GY buy No

Daniele Calabrese 02/04/2020 BP/ LN Short / Sell No


Bullish SX5E, short CDS on Societe Generale Sub

SX5E / Socgen 5Y Sub buy 2679.24 / 230.00 No


Bullish on SMI, short CDS protection on Credit Suisse Group AG Sub

SMI / Credit Suisse Group 5Y Sub buy 9221.15 / 230.00 No

Tomas Melville 02/04/2020 positive Rolls Royce RR/ LN buy No

Tomas Melville 02/04/2020 negative Wood Group WG/ LN Short / Sell No


Tomas Melville 02/04/2020 positive grid NG/ LN buy No



Sell BAX 1.3 25

Buy BAX 1.3 29 Switch No


Legrand short

Short / Sell No


Kone short

Short / Sell No


Schindler short

Short / Sell No


EL FP long

buy No


ABI long

buy No


ALV

buy No


IHG

buy Yes

Fiona Daly 02/04/2020 DG FP Short / Sell No


EOFP v ZFFNGR

Switch No

Alasdair Monro 01/04/2020 bbva buy No

Alasdair Monro 01/04/2020 hsba Short / Sell No


Alasdair Monro 01/04/2020 bn buy No


NORBORD long

buy No

Tomas Melville 01/04/2020 positive Masmovil MAS SM buy No

Alasdair Monro 01/04/2020 dufn Short / Sell No

Alasdair Monro 01/04/2020 bme Short / Sell No

Nicola Monzini 01/04/2020 DHR buy No

Allison Lobb 01/04/2020 repsol buy No

Allison Lobb 01/04/2020 royal dutch shell buy No

Allison Lobb 01/04/2020 Short / Sell BP No


China recovery vs. UK still to be impacted. Outperformance Long HSCEI and short FTSE 100.

HSCEI / UKX Spread Positive 9404.98 / 5454.57 No

Fiona Daly 31/03/2020 CPR IM Short / Sell No

Allison Lobb 31/03/2020 flutter buy Yes

Alasdair Monro 31/03/2020 fltr buy No

Daniel Hosegood 31/03/2020 NHYNO Short / Sell No

Tomas Melville 31/03/2020 positive flutter FLTR LN buy No



HSBC 5.844%

buy No

Paul Adams 30/03/2020 SGSN SW buy No


SELL

NTGYSM 0.75 11/29

BUY

EDPPL 1.625 01/26 Switch No


SELL

NTGYSM 0.75 11/29

BUY

EDPPL 1.625 01/26 Switch No


Alasdair Monro 30/03/2020 cpg Short / Sell No

Alasdair Monro 30/03/2020 ams buy No

Alasdair Monro 30/03/2020 bp Short / Sell No

Alasdair Monro 30/03/2020 htg Short / Sell No

Fiona Daly 30/03/2020 RTO LN buy No

Tomas Melville 30/03/2020 negative Compass CPG LN Short / Sell No

Tomas Melville 30/03/2020 positive Just Group JUST N buy No

Tomas Melville 30/03/2020 positive IWG IWG N buy No

Tomas Melville 30/03/2020 positive BT BT/A LN buy No


RTO long

buy No


ABF short

Negative No


RAND long

buy No

stephen joseph 30/03/2020 ACN buy No

Roberta Cupito 30/03/2020 lulu buy No

Paul Adams 27/03/2020

DWNI GR 18-Sep-20: Sell 30 Put vs Buy 38 Call, receive 0.25

DWNI GR buy -0.25 No

Nils Wittenhagen 27/03/2020 RTO LN buy Yes

Nicola Monzini 27/03/2020 buy gold Gold buy No

stephen joseph 27/03/2020 ROP buy No


sell C 5.15 26

buy RABOBK 5.25 27

Switch No

Allison Lobb 27/03/2020 peugeot Short / Sell No



Sell TMO 1.4 26

Buy DHR 2.1 26 Switch No

Duncan Lake 27/03/2020 short term buy on AXTA Axalta buy No

Paul Adams 26/03/2020 VOW3 GY buy No

Aymeric Aubry 26/03/2020 Repack trade idea on green bond ENGIE SA 2032 sent to euroepan institutionnal clients. Repack pioneer buy No

Alasdair Monro 26/03/2020 rto buy No

Tomas Melville 26/03/2020 positive Aviva AV/ LN buy No

Tomas Melville 26/03/2020 positive Thyssen TKA GR buy No

Tomas Melville 26/03/2020 negative Halma HLMA LN Short / Sell No

Tomas Melville 26/03/2020 positive WEIR buy No

Tomas Melville 26/03/2020 positive LGEN LGEN LN buy No

Tomas Melville 26/03/2020 negative Ashtead AHT LN buy No

Tomas Melville 26/03/2020 positive Siemens SIE GR buy No

Tomas Melville 26/03/2020 positive Sulzer SUN SW buy No

Allison Lobb 26/03/2020 adidas, BP Short / Sell No

Allison Lobb 26/03/2020 bp Short / Sell No

Allison Lobb 26/03/2020 deutsche bank Short / Sell No


Sell ZAL GR 19-Jun-20 36 Call

ZAL GR Short / Sell 1.75 No

Tomas Melville 25/03/2020 neg JD Sports JD/ LN Short / Sell No


Tomas Melville 25/03/2020 negative HSBC HSBA LN Short / Sell No

Tomas Melville 25/03/2020 negative BVI BVI FP Short / Sell No

Tomas Melville 25/03/2020 negative SMIN LN Short / Sell No

Tomas Melville 25/03/2020 positive RTO RTO LN buy No

Tomas Melville 25/03/2020 negative FERG FERG LN Short / Sell No


Tomas Melville 25/03/2020 neg BP BP/ LN buy No

Fiona Daly 25/03/2020 SMIN LN buy No

Tomas Melville 25/03/2020 positive RDSA RDSA LN buy No


Allison Lobb 25/03/2020 eiffage buy 3 months No

Allison Lobb 25/03/2020 deutsche wohnen buy No

Allison Lobb 25/03/2020 equnior buy No


Alasdair Monro 24/03/2020 asml buy No


Salt/Matterhorn

Negative No

Nils Wittenhagen 24/03/2020 DRW3 GY buy No

Quoc Phong, Dang 24/03/2020 AngloGold Ashanti buy 25 No

Quoc Phong, Dang 24/03/2020 Kinross buy 6 No

Quoc Phong, Dang 24/03/2020 Xylem buy 80 No

Alasdair Monro 24/03/2020 cnp buy Yes


Sell 103% call over next ex-div date

EOAN GY Equity, MUV2 GY Equity, ALV GY Equity, RDSA NA Equity, LI FP Equity, BEI GY Equity, CS FP Equity, SREN SW Equity, DWNI GY Equity, HNR1 GY Equity, MC FP Equity, ZURN SW Equity, SIE GY Equity, NESN SW Equity, NN NA EquityShort / Sell No

Tomas Melville 24/03/2020 negative Campari CPR IM Short / Sell No

Tomas Melville 24/03/2020 positive RHI RHI AV buy No


Tomas Melville 24/03/2020 positive Burford BUR LN Short / Sell No

Tomas Melville 24/03/2020 positive Burford - with corrected PA disclosure BUR LN buy Yes



Alasdair Monro 23/03/2020 fie Short / Sell No

Tomas Melville 23/03/2020 positive Team Viewer TMV GY buy No

Tomas Melville 23/03/2020 positive MKS MKS LN buy No

Tomas Melville 23/03/2020 positive Melrose MRO LN buy No

Tomas Melville 23/03/2020 positive Altice ATC FP buy No

Tomas Melville 23/03/2020 negative Sodexho SW FP Short / Sell No

Tomas Melville 23/03/2020 positive IWG LN buy No

Tomas Melville 23/03/2020 positive TP ICAP TCP LN buy No

Alasdair Monro 20/03/2020 gvnv buy No

Richard Fay 20/03/2020 HTHROW Shortener HTHROW Switch No

Fiona Daly 20/03/2020 URW NA buy No


URW NA 80 19-Jun-20 / 18-Dec-20 Call Calendar

URW NA buy 1.55 No

Alasdair Monro 19/03/2020 smin buy No

Paul Adams 19/03/2020 SIE GY buy No


Sells SEVFP 2½ '22

Buys ENBW 3⅝ '21

Switch No

Allison Lobb 19/03/2020 next, siemens, smiths, oerlikon, bodycote, wartsila, skf, melrose, weir, atlas, tt buy No

Allison Lobb 19/03/2020 kone, rational , schindler Short / Sell No

Fiona Daly 19/03/2020 PHNX LN buy No

Alasdair Monro 18/03/2020 hl/ Short / Sell No

Alasdair Monro 18/03/2020 sn/ Short / Sell No

Fiona Daly 18/03/2020 RWE GY buy Yes

Tomas Melville 18/03/2020 positive Phoenix PHNX LN buy No


RWE GY 18-Dec-20: Sell 19 Put vs Buy 26 Call

RWE GY 28 19-Jun-20 / 18-Dec-20 Call Calendar

RWE GY buy No

Paul Adams 17/03/2020 ADS GY Equity buy No


Alasdair Monro 17/03/2020 sw Short / Sell No

Alasdair Monro 17/03/2020 san buy No

Tomas Melville 17/03/2020 positive AHT AHT LN buy No

Tomas Melville 17/03/2020 positive CINE LN CINE LN buy No

Tomas Melville 17/03/2020 positive Sanofi SAN FP buy No

Tomas Melville 17/03/2020 negative RMG LN Short / Sell No

Tomas Melville 17/03/2020 positive Aramark ARMK US buy No

Tomas Melville 17/03/2020 positive IWG buy No

Tomas Melville 17/03/2020 negative Sodexho SW FP buy No

Allison Lobb 17/03/2020 smiths group, vod, bt, bhp buy No

Allison Lobb 17/03/2020 BBVA, ING, Lloyds, Onesavings Bank, ADP, Zurich Airport, Repsol, Equinor, Total, VW, Flutter, IHG, Accor, Dominos, BHP, Rio, Zalando, Teamviewer, Aviva, Inditex, Reckitt, Henkel, Melrose, SKFbuy No

Allison Lobb 17/03/2020 Deutsche Bank, Commerzbank, Credit Suisse, Fraport, AENA, BP, ENI, Enquest, Tullow, Peugeot, all leisure ex the above, Glencore, Asos, B&MShort / Sell No


+ TSCO LN

tsco ln buy No


+ ad na

+ad na buy No


+ RB/ LN

RB/ LN buy No


- IHG LN

IHG LN Short / Sell No

Daniel Hosegood 16/03/2020 PPG into ECL Switch No

Daniel Hosegood 16/03/2020 VFC Negative No

Alasdair Monro 16/03/2020 dnb Short / Sell No

Allison Lobb 16/03/2020 flutter, ihg, accor and dominos buy No


Buy ENI IM 18-Sep-20 6.2-5.8 1 by 2 Put Ratio

ENI IM buy 0.25 No


+ DUFN

dufn sw buy No


DGE LN

DGE LN buy No


+ nesn sw

NESN buy No


sells BERTEL 3½ '27

buys BERTEL 3 '23 Switch No


Alasdair Monro 13/03/2020 agn buy No

Alasdair Monro 13/03/2020 hmb Short / Sell No

Alasdair Monro 13/03/2020 sw Short / Sell No


+ FP FP

FP FP buy No



Alasdair Monro 12/03/2020 ams Short / Sell No

Alasdair Monro 12/03/2020 dwni Short / Sell No


Alasdair Monro 12/03/2020 nas Short / Sell No

Alasdair Monro 12/03/2020 rwe Short / Sell No

Tomas Melville 12/03/2020 long cineworld CINE LN buy No

Tomas Melville 12/03/2020 long Altice ATC NA buy No

Tomas Melville 12/03/2020 long commerzbank GBK GR buy No

Tomas Melville 12/03/2020 long Unicredit UCG IM buy No


ABI BB 18-Dec-20: Sell 36 Put vs Buy 48 Call

ABI BB buy -0.01 No

Thomas Iveson 11/03/2020 tlw Short / Sell No

Alasdair Monro 11/03/2020 bme buy No

Alasdair Monro 11/03/2020 pru buy No


Alasdair Monro 11/03/2020 hl/ Short / Sell No


Alasdair Monro 11/03/2020 agk Short / Sell No

Alasdair Monro 11/03/2020 sdf buy No

Alasdair Monro 11/03/2020 jdw buy No

Daniel Hosegood 11/03/2020 KERFP into ABIBB Switch No

Daniel Hosegood 11/03/2020 HEIANA into ABIBB Switch No


dignity

Spread Negative No

Daniel Hosegood 11/03/2020 MCFP Negative No

Alasdair Monro 10/03/2020 dia buy No

Alasdair Monro 10/03/2020 wg/ Short / Sell No

Nils Wittenhagen 10/03/2020 LIN GY buy Yes

Alasdair Monro 10/03/2020 raa Short / Sell No

Alasdair Monro 10/03/2020 kn Short / Sell No

Alasdair Monro 10/03/2020 nex Short / Sell No

Alasdair Monro 10/03/2020 ucg buy No


sells TOTAL 3.369 '26 110/

buys TOTAL 2.708 '23 /103½

Switch No

Alasdair Monro 10/03/2020 eurn buy No

Alasdair Monro 10/03/2020 evd Short / Sell No

Daniel Hosegood 10/03/2020 ALB / BATSLN / KERFP Negative No


TMV GY 18-Sep-20: Sell 28 Put vs Buy 34 Call for 0.30

TMV GY buy 0.3 No

Alasdair Monro 09/03/2020 ams sw buy No

Alasdair Monro 09/03/2020 amssy buy No


Alasdair Monro 09/03/2020 dnb Short / Sell No

Alasdair Monro 09/03/2020 rui buy No

Alasdair Monro 09/03/2020 vpk buy No

Alasdair Monro 09/03/2020 rds buy No

Alasdair Monro 09/03/2020 ug Short / Sell No

Anthony Messina 09/03/2020 buy atl im No

Alasdair Monro 09/03/2020 fro buy No


telefonica

Spread Negative No

Alasdair Monro 09/03/2020 sbmo Short / Sell No

Fiona Daly 09/03/2020 DC/ LN buy No

Tomas Melville 09/03/2020 positive AHT AHT LN buy No


Tomas Melville 09/03/2020 neg Adidas ADS GR Short / Sell No


Tomas Melville 09/03/2020 negative William Hill WMH LN Short / Sell No

Tomas Melville 09/03/2020 positive 3IN 3IN LN buy No

Thomas Iveson 09/03/2020 CBK buy No

Kergall Jean 09/03/2020

Unconditional Fixed Coupon Barrier Reverse Convertible on ETF for the following maturities: 1 year,

1.5 year and 2 years for the following Knock-In Barrier 70%, 75% and 80%.

The payoff is as follow:

If Final Performance > Knock-In Barrier

100% + Coupon

Otherwise,

Final Performance + Coupon

XLF US Equity Spread Positive 22.81 No






100% + Coupon

Otherwise,


XLE US Equity Spread Positive 33.94 No






100% + Coupon

Otherwise,


XBI US Equity Spread Positive 82.84 No






100% + Coupon

Otherwise,


XLV US Equity Spread Positive 92.10 No


Unconditional Fixed Coupon Barrier Reverse Convertible on ETF for the following maturities: 1

year, 1.5 year and 2 years for the following Knock-In Barrier 70%, 75% and 80%.



100% + Coupon

Otherwise,


XLK US Equity Spread Positive 82.16 No






100% + Coupon

Otherwise,


XLI US Equity Spread Positive 65.77 No






100% + Coupon

Otherwise,


XLY US Equity Spread Positive 107.43 No






100% + Coupon

Otherwise,


XLP US Equity Spread Positive 58.86 No


HEN3 GY 18-Sep-20: Sell 68 Put vs Buy 84 Call

HEN3 GY buy -0.16 No



RBC € VIEFP SHORTENER

SELL

VIEFP 1.496 11/26

BUY

VIEFP 0.892 01/24 Switch No

Nils Wittenhagen 06/03/2020 DGE LN buy No

Nils Wittenhagen 06/03/2020 ZAL GY buy No

Nils Wittenhagen 06/03/2020 SKF SS buy No

Thomas Iveson 06/03/2020 buy No

Thomas Iveson 06/03/2020 CABK and SAN buy No

Alasdair Monro 06/03/2020 saga Short / Sell No


sell SSELN 3⅝ '22 103.25

buy SSELN 3⅝ '20 100.80

Switch No

Alasdair Monro 06/03/2020 phm buy No

Alasdair Monro 06/03/2020 rog Short / Sell No

Alasdair Monro 06/03/2020 smin Short / Sell No

Alasdair Monro 06/03/2020 pfc Short / Sell No

Raghav Gumber 06/03/2020 INGA NA / MC FP / VOW3 GY / SU FP / ASML NA / SAP GY buy 7.545 / 360.35 /147.2 / 90.28 / 351.3 / 107.52 No


Buy HMB SS 18-Sep-20 190-230 Call Spread for 8.18

HMB SS buy 8.18 No


ITX SM 18-Dec-20: Sell 25 Put vs Buy 30 Cal

ITX SM buy -33 No

Alasdair Monro 05/03/2020 hen3 buy No


Alasdair Monro 05/03/2020 cpi Short / Sell No


Buy linker 28s vs neighbours

ukti 2028 Switch No



Alasdair Monro 05/03/2020 ihg Short / Sell No

Alasdair Monro 05/03/2020 aein buy No

Alasdair Monro 05/03/2020 tyres buy No

Fiona Daly 05/03/2020 POLY LN buy No

Fiona Daly 05/03/2020 CINE LN Short / Sell No

Fiona Daly 05/03/2020 DLG LN buy No


AMT

buy No

Tomas Melville 05/03/2020 positive Melrose MRO LN buy No

Tomas Melville 05/03/2020 negative Capita CPI LN Short / Sell No

Tomas Melville 05/03/2020 negative Wizz WIZZ LN Short / Sell No


Tomas Melville 05/03/2020 negative Wood Group WG/ LN Short / Sell No


SELL £ BMO 1.5 24

BUY £ RY 1.125 25 BMO, RY Switch No

Daniel Hosegood 04/03/2020 ABIBB buy No


SELL UNANA 1 1/2 06/11/39



SELL NOVNVX 1.7 08/14/38



Intu

Short / Sell No


€ TMT: AT&T into AMT

Switch out of T 0.25 26 into AMT 1.95 26 Switch No

Alasdair Monro 04/03/2020 wln Short / Sell No

Alasdair Monro 04/03/2020 tit Short / Sell No


Alasdair Monro 04/03/2020 gft Short / Sell No

Alasdair Monro 04/03/2020 dlta buy No

Alasdair Monro 04/03/2020 con buy No


BHP LN 18-Dec-20: Sell 1300 Put vs Buy 1600 Call

BHP LN buy -35 No


Buy $5mm SSELN 4¾ '22 /103½

buy No

Daniel Hosegood 03/03/2020 CE buy No

Fiona Daly 03/03/2020 DG FP buy No

Fiona Daly 03/03/2020 BBVA SM buy No


2 Year USD Leveraged Sharkfin Note

The payoff of this product is as follow:

If Underlying Performance > Knock Out Barrier:

-Redemption = 100% + Rebate

If Put Strike < Underlying Performance < Knock Out Barrier:

-Redemption = 100% + Upside Leverage x Max(0%, Underlying Performance – 100%)

Otherwise,

-Redemption = Underlying Performance / Put Strike

Where Underlying Performance = Final Level / Initial Level

SX5E Index Spread Positive 3399.49 No


2 Year USD Leveraged Sharkfin Note

The payoff of this product is as follow:

If Underlying Performance > Knock Out Barrier:

-Redemption = 100% + Rebate

If Put Strike < Underlying Performance < Knock Out Barrier:

-Redemption = 100% + Upside Leverage x Max(0%, Underlying Performance – 100%)

Otherwise,

-Redemption = Underlying Performance / Put Strike

Where Underlying Performance = Final Level / Initial Level

OIH UP Equity Spread Positive 9.18 No

Daniel Hosegood 03/03/2020 JABHOL buy No

Alasdair Monro 03/03/2020 cabk Short / Sell No

Alasdair Monro 03/03/2020 itrk buy No

Alasdair Monro 03/03/2020 dlg Short / Sell No

Daniel Hosegood 03/03/2020 BATS Negative No


RBC € ANNGR EXTENSION

SELL

ANNGR 0.625 10/27

BUY

ANNGR 1.625 10/39 Switch No


RBC € AALLN EXTENSION

SELL

AALLN 3.5 03/22

BUY

AALLN 1.625 03/26 Switch No


DB 4.296 23-28

buy No


€ TMT/INDUSTRIAL REL-VAL FOCUS

*SHORTENERS*

- AMERICA MOVIL: AMXLMM 2.125 28 into AMXLMM 0.75 27

- COMCAST: CMCSA 0.25 05/27 into CMCSA 2.5 09/25

- STRYKER: SYK 31 into 28

*EXTENSIONS*

- FIDELITY NATIONAL: FIS 1% 28 into FIS 2.95 39

- AT&T: T 2.4 24 into T 2.35 29

- PUBLICIS: PUBFP 1.625 24 into PUBFP 1.25 28

- MEDTRONIC: MDT 1.625 31 into MDT 1.5 39

*SWITCHES*

- ORAFP 1.375 49 into DT 1.75 49

- TELIAS 2.125 34 into AT&T 3.375 34

-CKHH 2% 30 into CKHGTH 1.125 28

- TMO 2.15 22 into MDT 0% 22 Switch No


INGA NA 18-Dec-20: Sell 7.2 Put vs Buy 9.0 Call

INGA NA buy -0.08 No


MC FP 18-Dec-20: Sell 340 Put vs Buy 420 Call, receive 0.43

MC FP buy -0.43 No

Alasdair Monro 02/03/2020 mt buy No


Alasdair Monro 02/03/2020 weir Short / Sell No


ROG SW

ROG SW Short / Sell No


NOVN

Short / Sell NOVN SW No

Fiona Daly 02/03/2020 ANA SM buy No


Alasdair Monro 02/03/2020 cbk Short / Sell No

Daniel Hosegood 02/03/2020 AALLN buy No

Tomas Melville 02/03/2020 positive WEIR WEIR LN buy No

Tomas Melville 02/03/2020 negative Air France AF FP Short / Sell No

Tomas Melville 02/03/2020 positive Masmovil MAS SM buy No

Tomas Melville 02/03/2020 negative Amadeus AMS SM buy No

Tomas Melville 02/03/2020 negative BooHoo BOO LN Short / Sell No

Tomas Melville 02/03/2020 negative Schneider SU FP Short / Sell No


Alasdair Monro 02/03/2020 lisp buy No


Buy HSBA LN 19-Jun-20 480-400 Put Spread

HSBA LN buy 14.50 No

Allison Lobb 28/02/2020 rentokil buy No

Darren Cohen 28/02/2020 switch danbnk 24/29 into 25/30's Switch No

Alasdair Monro 28/02/2020 tka buy No

Alasdair Monro 28/02/2020 vie buy No

Alasdair Monro 28/02/2020 wizz Short / Sell No

Alasdair Monro 28/02/2020 igg buy No

Alasdair Monro 28/02/2020 air buy No

Alasdair Monro 28/02/2020 mro buy No


Alasdair Monro 28/02/2020 sse buy No

Alasdair Monro 28/02/2020 tui1 buy No

Alasdair Monro 28/02/2020 dpw Short / Sell No

Tomas Melville 28/02/2020 negative Easyjet EZJ LN Short / Sell No

Tomas Melville 28/02/2020 negative IAG IAG LN Short / Sell No

Tomas Melville 28/02/2020 negative WIZZ WIZZ LN Short / Sell No

Tomas Melville 28/02/2020 positive Thyssen TKA GR buy No

Tomas Melville 28/02/2020 positive National Grid NG/ LN buy No

Tomas Melville 28/02/2020 negative Deutsche Post DPW GR buy No

Tomas Melville 28/02/2020 positive SSE SSE LN buy No


+ SPX etf

SPXL US buy No


SELL £ HSBC 5.375 33

BUY £ HSBC 4.75 46

Switch No

Alasdair Monro 28/02/2020 vow3 buy No

Alasdair Monro 28/02/2020 una buy No

Alasdair Monro 28/02/2020 ulvr buy No


sell TMO 22 in € and buy MDT 22 in € for pick z

Switch No


+ WIZZ LN

buy No

Quoc Phong, Dang 27/02/2020 Jumia buy 8 No

Thomas Iveson 27/02/2020 QIA buy No

Tomas Melville 27/02/2020 positive Drax DRX LN buy No

Tomas Melville 27/02/2020 negative Team Viewer TMV GR Short / Sell No

Tomas Melville 27/02/2020 positive Qiagen QIA NV buy No

Alasdair Monro 27/02/2020 rb/ buy No


Alasdair Monro 27/02/2020 qia buy No

Alasdair Monro 27/02/2020 fltr buy No

Alasdair Monro 27/02/2020 fer Short / Sell No

Alasdair Monro 27/02/2020 mrk Short / Sell No


SX5E outperforms basket of Luxury stocks

SX5E/MC FP/RMS FP/AIR FP/OR FP/ADS GY/RACE IM Spread Positive 3455.92/369.85/641/115/246.6/257.15/144.5 No

Quoc Phong, Dang 27/02/2020 TDOC buy 120 No

Allison Lobb 27/02/2020 next, julius baer, alfa bnp, easyjet buy No


RABOBK 6.5%

buy No

Thomas Iveson 26/02/2020 SUBC Short / Sell No

Thomas Iveson 26/02/2020 CARLB Short / Sell No




Sells ORAFP 1¾

Buys ORAFP 5 Switch No


Sells ORSTED 1¾ '27

buys TENN 2.995 '24 Switch No

Thomas Iveson 26/02/2020 FERGUSON Short / Sell No

Darren Cohen 26/02/2020 switch axa callables into perps in euro Switch No

Alasdair Monro 26/02/2020 iag Short / Sell No

Alasdair Monro 26/02/2020 gfs buy No

Alasdair Monro 26/02/2020 gfs Short / Sell No

Darren Cohen 26/02/2020 switch alvgr perps into axa perps for good terms Switch No


Allison Lobb 26/02/2020 metro bank Neutral / Hold No

Alasdair Monro 26/02/2020 htg buy No


sells ORSTED 1¾ '27 104/

buys VATFAL 3 '27 /109½

Switch No

Alasdair Monro 25/02/2020 hen3 buy No

Alasdair Monro 25/02/2020 ezj Short / Sell No


SELL £ C 7.375 39

BUY £ HOUSFN 5.2 43

Switch No


SELL £ LANDLN 2.625 37

BUY £ HOUSFN 5.2 43

Switch No

Alasdair Monro 25/02/2020 spm buy No

Alasdair Monro 25/02/2020 bn buy No



Alasdair Monro 24/02/2020 bre buy No

Alasdair Monro 24/02/2020 dge buy No

Alasdair Monro 24/02/2020 gild buy No


SELL

EDF 1 10/26

BUY

EDF 1.875 10/36 Switch No


+ AAL LN

AAL LN buy No


+ EZJ LN

EZJ LN buy No


+ ASML NA

ASML NA buy No


SELL

EDF 2 12/49

BUY

EDF 1.875 10/36 Switch No

Allison Lobb 24/02/2020 ABI, diageo, richemont, legal & general, repsol, anglo gold ashanti buy No

Allison Lobb 24/02/2020 saudiaramco Neutral / Hold No


SELL

ENGSM 1.375 05/28

BUY

TEREGA 0.625 02/28 Switch No


Switches

Sell £ PICORP 5.625% 30 //BBB+

Buy £ SCTWID 7% 43 Baa1/BBB+/A-

Gone from - mid-last year to now

Sell £ PICORP 5.625% 30 //BBB+

Buy £ RLMI 4.875% 39-49 Baa1/BBB+/

Gone from in October to now

Both work 5x5

Issuance risk is highest for the bulk guys with potential issuance from PHNXLN still to come, these

look like great switches to me

Switch No


£ long end fin switch

Sell RABOBK 5.25% 41 Aa3/A+/AA-

Buy ALVGR 4.5% 43 Aa3/AA/AA-

Pick smalls rating and some spread, historically RABOBK usually trades wide to ALVGR

Switch No

Allison Lobb 21/02/2020 weir, teamviewer, vw buy No

Allison Lobb 21/02/2020 wartsila Short / Sell No


30/32 steepener or 29/30/32 fly

ukt4.75 30 Switch No

Daniel Hosegood 20/02/2020 CCL buy No


€ TMT: ORAFP/DT LONG-END SWITCH AT WIDES...

SELL ORAFP 1.375 49

BUY DT 1.75 49 Switch No

Fiona Daly 20/02/2020 FLTR LN buy No

Fiona Daly 20/02/2020 WEIR LN buy No


3Y USD Buffered Lookback Note on the S&P500 Index

SPX Index Spread Positive 3387.06 No

Nils Wittenhagen 19/02/2020 BAS GY buy No


SELL

MRDGF 4.5 12/23 @B+95/ 115.84 z+62 0.28%

BUY

MRDGF 2.25 04/29 @/B+160 110.26 z+116 1.03% Switch No

Richard Fay 19/02/2020 TELEFO AT&T TELEFO AT&T Switch No

Daniel Hosegood 19/02/2020 BNFP hybrid Negative No


SELL BNFP 1.75 call23

BUY ENBW 1.625 call27

Switch No


€ TMT: PUBFP 25/28 EXTENSION @ WIDES...

SELL PUBFP 0.625 25

BUY PUBFP 1.25 28 Switch No

Alasdair Monro 19/02/2020 ags Short / Sell No

Alasdair Monro 19/02/2020 pum Short / Sell No

Alasdair Monro 19/02/2020 ads Negative No




Fiona Daly 19/02/2020 SGRO LN Short / Sell No

Nils Wittenhagen 19/02/2020 AAL LN buy No




Alasdair Monro 18/02/2020 dlg Short / Sell No

Alasdair Monro 18/02/2020 rand Short / Sell No

Nils Wittenhagen 18/02/2020 CSH-U CN buy No


Alasdair Monro 18/02/2020 fag Short / Sell No

Nicholas Harrison 18/02/2020 SEVFP/REPSM/ORAFP into VATFAL hybrid Switch No



Alasdair Monro 17/02/2020 knebv Short / Sell No

Alasdair Monro 17/02/2020 var1 buy No


Upside Dynamic Participation Put on SX5E

SX5E Short / Sell 3843.43 No


€ SIKA: 31/27 shortener

Sell SIKASW 1.5 31

Buy SIKASW 0.875 27 Switch No

Darren Cohen 14/02/2020 telefonica looks expensive compared to us4 and eur Telefo Short / Sell No

stephen joseph 14/02/2020 whi smith buy No


Dispersion palladium payoff on a basket of stocks.

Client playing dispersion between stocks of the Luxury Sector.

MC FP Equity / KER FP Equity / RMS FP Equity / RACE IM Equity / AIR FP Equity / OR FP Equity / ADS GY Equity / CFR SW EquitySpread Positive 414.95 / 579.4 / 705 / 159.75 / 129.86 / 268.2 / 288.4 / 74.48 No


Dispersion palladium payoff on a basket of stocks.

Client playing dispersion between stocks of the Financial Sector.

BNP FP Equity / GLE FP Equity / CSGN SW Equity / UBSG SW Equity / PRU LN Equity / INGA NA Equity / SAN SM Equity / ACA FP EquitySpread Positive 74.48 / 53.68 / 31.73 / 13.455 / 12.965 / 1476.5 / 10.71 / 3.9235 / 13.49 No


sell 1t57 v neighbours; sell belly 1t49/1t57/3h68, buy belly 1t37/1h47/1t57



orange senior

Short / Sell No


Orange hybrids vs telia

Positive No


Nils Wittenhagen 13/02/2020 ORSTED DC buy No


€ TMT: BRITEL SHORTENER AT THE TIGHTS

Sell BRITEL 1.125 29

Buy BRITEL 2.125 28 Switch No



Coronavirus to Put Metals and Mining Sector Under Pressure. Play the outperformance of a

diversified company vs. RIO concentrated on iron ore.

Trade idea: Outperformance AAL over RIO

Sell 6m 110% Ecall on RIO LN at 1.80% 4199.5ref 24.95 delta

Buy 6m 114% Ecall on AAL LN for 2.70% 2117ref 24.85 delta

Spread Neutral 1.80% and 2.70% NA No

Allison Lobb 12/02/2020 renewables - orsted, rwe, iberdrola buy No

Richard Fay 12/02/2020

Sell HTHROW

Buy MAGAIR HTHROW MAGAIR Switch No

Ben Horsburgh 12/02/2020 SELL £ TELEFO 5.375 26 BUY £ ULFP 2.625 29 Switch No

Darren Cohen 12/02/2020 switch Telefo into APAAU, pick up rating, yield and z! Switch No

Quoc Phong, Dang 12/02/2020 Oceana Gold buy 5 No

Alasdair Monro 12/02/2020 abi buy No

Alasdair Monro 12/02/2020 anlgo buy No

Alasdair Monro 12/02/2020 cine Short / Sell No

Alasdair Monro 12/02/2020 bp Short / Sell No

Fiona Daly 12/02/2020 MC FP buy No

Richard Fay 12/02/2020 NWGLN KEL switch NWGLN KEL Switch No

Quoc Phong, Dang 12/02/2020 Slack Technologies buy 40 No

Quoc Phong, Dang 12/02/2020 Tesla Short / Sell 600 No

Alasdair Monro 12/02/2020 lr Short / Sell No


sell belly 1h47/1t57/2h65



SELL DGFP 1 1/8 10/13/27

BUY DGFP 1 05/13/26 Switch No


SELL UNANA 1 1/2 06/11/39


Alasdair Monro 11/02/2020 wpp buy No

Alasdair Monro 11/02/2020 intu buy No



SELL BATSLN 2 1/4 01/16/30

BUY BATSLN 4.39 08/15/37 Switch No


SELL BATSLN 2 03/13/45

BUY BATSLN 4.39 08/15/37 Switch No


SELL NEXLN 2 1/2 11/11/23

BUY NEXLN 2 3/8 11/20/28 Switch No


SELL VW 1 5/8 02/10/24



SELL DAIGR 2 23

BUY DAIGR 1¼ 22 Switch No


Sell BMW 1 1/4 07/11/22

Buy DAIGR 1 1/4 09/05/22 Switch No


Bullish 2Y Booster Notes on EU Airlines -

LHA GY / IAG LN / RYA LN buy 14.88 / 626.20 / 15.685 No

Quoc Phong, Dang 11/02/2020 Toll Brothers Short / Sell 40 No

Alasdair Monro 11/02/2020 acs buy No

Allison Lobb 11/02/2020 AAL, Glencore, ING buy No

Allison Lobb 11/02/2020 rio, moncler Short / Sell No


SELL WNTRDE 0.452 09/25/23



SELL OMVAV 1 07/03/34

BUY BPLN 1.104 11/15/34 Switch No


SELL EUR FIS 25s

BUY EUR FIS 28s

Switch No

Alasdair Monro 10/02/2020 mph buy No

Darren Cohen 10/02/2020 switch RABO 41's into BRK 39's for good terms Switch No


Allison Lobb 10/02/2020 moncler Short / Sell No

Thomas Iveson 10/02/2020 RIO Short / Sell No

Thomas Iveson 10/02/2020 BHP Short / Sell No

Alasdair Monro 10/02/2020 rto Short / Sell No

Quoc Phong, Dang 10/02/2020 Helmerich Payne buy 60 No

Quoc Phong, Dang 10/02/2020 Pan American Silver buy 30 No


Bullish Sharkfin on GLD UQ

GLD UQ buy 147.79 No


BUY VW 2 3/4 07/10/23

SELL VW 1 5/8 02/10/24



Quoc Phong, Dang 07/02/2020 Credit Suisse buy 15 No

Quoc Phong, Dang 07/02/2020 Umicore buy 60 No

Darren Cohen 07/02/2020 switch mo 27 into mo 31's for good terms Switch No


SELL EDF 1 10/13/26BUY EDF 4 1/8 03/25/27

Switch No


SELL SHAEFF 2 7/8 03/26/27

BUY SHAEFF 1 1/8 03/26/22 Switch No


SELL WNTRDE 0.452 09/25/23


Allison Lobb 07/02/2020 tesla, skf buy No


SELL VW 1⅝ 24

BUY VW 3⅜ 26 Switch No

Thomas Iveson 06/02/2020 UMICORE Short / Sell No


SELL BMW 0 7/8 01/14/32

BUY BMW 1 1/2 02/06/29 Switch No

Richard Fay 06/02/2020 SGROLN/ULFP Switch SGROLN/ULFP Switch No

Paul Adams 06/02/2020 Inditex options Short / Sell No


SELL BATSLN 2 3/4 03/25/25

SELL BATSLN 1 1/4 03/13/27

BUY BATSLN 2 1/4 01/16/30 Switch No


SELL IMBLN 1 1/8 08/14/23

SELL IMBLN 1 3/8 01/27/25

BUY IMBLN 2 1/8 02/12/27 Switch No


sell EFFP 0 3/8 11/27/27

buy EFFP 0 1/8 05/27/25 Switch No


SELL HEIANA 1 1/4 03/17/27

BUY HEIANA 3 1/2 03/19/24 Switch No

Darren Cohen 06/02/2020 switch awln in stg into kel for good terms Switch No

Quoc Phong, Dang 05/02/2020 China Southern Airlines buy 8 No

Quoc Phong, Dang 05/02/2020 China Eastern Airlines buy 8 No


buy RWE 3.5 110.50

buy No


Alasdair Monro 05/02/2020 imb Short / Sell No

Richard Fay 05/02/2020 ULFP Exntension ULFP Switch No

Quoc Phong, Dang 05/02/2020 DR Horton buy 70 No

Thomas Iveson 04/02/2020 SGS buy No


Allison Lobb 04/02/2020 abf Short / Sell No


Alasdair Monro 04/02/2020 sgsn buy No

Alasdair Monro 04/02/2020 rbrew Short / Sell No

Alasdair Monro 04/02/2020 race Short / Sell No

Fiona Daly 04/02/2020 ITX SM buy No

Tomas Melville 04/02/2020 short naturgy NTGY SM Short / Sell No

Tomas Melville 04/02/2020 short Micro Focus MCRO LN Short / Sell No

Tomas Melville 04/02/2020 short Pandora PNDORA DC Short / Sell No

Fiona Daly 04/02/2020 NTGY SM Short / Sell No

Nils Wittenhagen 04/02/2020 ITX SM buy No

Quoc Phong, Dang 04/02/2020 Tesla Short / Sell 600 No

Quoc Phong, Dang 04/02/2020 Gilead buy 80 No

Alasdair Monro 04/02/2020 skf buy No


sell TELEFO 2.502 '27 100.80/

buy TELEFO 3.875 '26 /108.50

Switch No


Buy appearing put spread on SX5E (95-80 put spread + Put down out strike 80 and KO @ 70)

SX5E Short / Sell 3659.55 No

Alasdair Monro 03/02/2020 sie Short / Sell No

Alasdair Monro 03/02/2020 aena Short / Sell No

Fiona Daly 03/02/2020 BP/ LN buy No

Allison Lobb 03/02/2020 unilever, reckitt Neutral / Hold No

Alasdair Monro 03/02/2020 jmat buy No

Alasdair Monro 03/02/2020 alfa buy No

Alasdair Monro 03/02/2020 pndora Short / Sell No


Booster Notes on European Utilities

EDF FP / REN NA / UU/ LN / EOAN GY buy 11.37 / 23.73 / 1005.00 / 10.41 No

Alasdair Monro 31/01/2020 or Short / Sell No

Alasdair Monro 31/01/2020 drx Short / Sell No

Alasdair Monro 31/01/2020 knebv buy No


+ DAI

buy No


- HMB

Short / Sell No

Allison Lobb 31/01/2020 shell Short / Sell No

Fiona Daly 31/01/2020 BRW LN buy No

Tomas Melville 31/01/2020 positive Aston Martin AML LN buy No

Tomas Melville 31/01/2020 negative Drax DRX LN Short / Sell No

Nils Wittenhagen 31/01/2020 VFC US buy No

Tomas Melville 31/01/2020 Alfa Laval ALFA SS buy No


Thomas Iveson 30/01/2020 H&M buy No

Thomas Iveson 30/01/2020 BP buy No

Thomas Iveson 30/01/2020 RDSA buy No

Alasdair Monro 30/01/2020 ulvr Negative No

Alasdair Monro 30/01/2020 wrt1v Short / Sell No


Alasdair Monro 30/01/2020 akza Short / Sell No

Allison Lobb 30/01/2020 experian buy No



You sell SESGFP 4⅝ '22

You buy SESGFP 5⅝ '24

Switch No


sell DLR 26 in € to buy DLR

Switch No

Quoc Phong, Dang 29/01/2020 Apple Inc Short / Sell 250 No

Tomas Melville 29/01/2020

positive Atlantia

ATL IM buy No


positive Valeo

FP FR buy No


positive Anglo

AAL LN buy No


positive NMC

NMC LN buy No


switch 1 24 into 2t 24 or sell belly 2q23/1 24/2t 24 fly

ukt1 24 Switch No

Allison Lobb 28/01/2020 bp Neutral / Hold No

Alasdair Monro 28/01/2020 fr buy No


Alasdair Monro 28/01/2020 sap buy No


SELL EUR BRITEL 29

BUY USD BRITEL 29

Switch No

Alasdair Monro 28/01/2020 tka buy No


Sell SESGFP 4⅝ '22

Buy SESGFP 5⅝ '24

Switch No


Sell TELEFO 4⅜ '24

Buy: TELEFO 3 '23 T

ELEFO 3⅞ '26

Switch No


Buy £5m VW 4 1/8 11/17/31

Sell EUR VW 3.25 30

Sell GBP VW 1.875 24

Switch No

Quoc Phong, Dang 27/01/2020 DR Horton Short / Sell 50 No

Darren Cohen 24/01/2020

If you had old SKY bonds in sterling, would you switch to ATT?

bid: CMCSA 6% May-27

offer: T 5.5% Mar-27 Switch No


US Tech Dispersion

AMZN / AAPL / GOOGL / MSFT / FB / BABA / BIDU / NFLX / PYPL / SQ Spread Positive 1861.64 / 318.31 / 1466.17 / 165.04 / 217.94 / 213.75 / 130.00 / 353.16 / 116.98 / 71.14 No


Infineon hybrids

Short / Sell No

Fiona Daly 23/01/2020 KGF LN Short / Sell No


Sell BNP 3.375% 26

Buy BNP 1.875% 27 Switch No


Sell WFC 2.625% 22

Sell € WFC 1.5% 22

Buy £ WFC 1.375% 22 Switch No

Fiona Daly 23/01/2020 ASC LN buy No

Daniel Hosegood 22/01/2020 CCL buy No


viefp 37 into ups 50 £

Switch No

Quoc Phong, Dang 22/01/2020 American Eagle Outfitters buy 18 No

Rob Miles 22/01/2020

Looking at price charts the current momentum supports near term narrowing so we look for better

entry levels over the next few weeks to enter spread wideners, which fits with the timing from the

seasonality charts . In the 10yr spread the support area seems to be looks to be located between

1.85% and 1.73% (currently 2.02%) and in the 5yr spread the support area looks to be between

2.01% and 1.87% (currently 2.11%)

buy No


The ERU0/ERM1/ERH2 fly when viewed on a generic/rolling basis has a 20 day z-score of 2.8, sits at

the top of the 120 day trading range and all else equal will roll down by 1.5 ticks over the next 3

months. Here's the 3yr chart of the generic fly, the mkt is currently -2/-1, we would look to sell at -

1:

Short / Sell -1 No


We would look to buy Jun 20 Sht Stg on a pullback. Somewhere around 99.37 and lower looks

right as this would be pricing around 50% chance of cut, covers 3 rate meetings, 2 QIR and one

budget

buy 99.44 No


Singtel optus

buy No

Daniel Hosegood 21/01/2020

Akelius hybrid

buy No

Allison Lobb 21/01/2020 ubs, abf, beazley, lancashire buy No


€ HEIDELBERG INTO LAFARGE SWITCH:

Sell HEIGR 1.625 26

Buy LHNVX 0.5 26 Switch No

Alasdair Monro 20/01/2020 mo buy No


Alasdair Monro 20/01/2020 mrk Short / Sell No

Darren Cohen 20/01/2020 switch gs 29 into C 26 for best terms Switch No


- pson ln

Short / Sell No


- OCDO LN

Short / Sell No


- pndora

Short / Sell No


+ ads gy

buy No

Darren Cohen 20/01/2020 lloyds covered into lloyds senior in sterling Switch No

Nils Wittenhagen 20/01/2020 INGA NA buy No

Allison Lobb 20/01/2020 Alfa laval, ING buy No

Allison Lobb 20/01/2020 abn Neutral / Hold No

Darren Cohen 17/01/2020 switch danone perps into vw perps for great terms Switch No


SELL EUR C 1.5 26

BUY GBP C 1.75 26

Switch No

Darren Cohen 17/01/2020 switch bankinter sub into snp for a pick up Switch No

Alasdair Monro 17/01/2020 adm Short / Sell No


Alasdair Monro 17/01/2020 rxl Short / Sell No

Quoc Phong, Dang 17/01/2020 Owens Corning buy 80 No

Quoc Phong, Dang 17/01/2020 Teck Resources buy 25 No

Alasdair Monro 17/01/2020 aml Short / Sell No

stephen joseph 17/01/2020 rxl Spread Negative No

Alasdair Monro 17/01/2020 ccl/b buy No


SELL WNTRDE 0.84 09/25/25

BUY WNTRDE 1.332 09/25/28

SELL WNTRDE 1.823 09/25/31 Switch No


SELL BMW 0 3/8 09/24/27

SELL BMW 0 7/8 01/14/32

BUY DAIGR 1 1/8 11/06/31 Switch No


SELL VW 3 1/4 11/18/30



SELL FRFP 1 1/2 06/18/25

SELL SHAEFF 2 7/8 03/26/27

BUY ZFFNGR 2 1/2 10/23/27 Switch No

Nils Wittenhagen 16/01/2020 ALFA SS buy No

Nils Wittenhagen 16/01/2020 WRT1V FH Short / Sell No

Fiona Daly 16/01/2020 ALFA SS buy No


5Y USD Credit Linked Notes linked to a basket of Emerging Market Sovereigns

Republic of South Africa 5Y CDS / Federative Republic of Brazil 5Y CDS / People's Republic of China 5Y CDS / United Mexican States 5Y CDSPositive 166 / 100 / 30.25 / 78 No


1.5Y USD Lookback Notes linked to Euro Stoxx 50 or Hong Kong Hang Seng Index

3Y EUR Lock-In Notes linked to Euro Stoxx 50

SX5E / HSI Positive 3764.13 / 28883.04 No


1.5Y USD Autocallable Notes linked to S&P 500 and NASDAQ-100

SPX / NDX Positive 3289.29 / 9035.667 No


3Y GBP Floored Note linked to SONIA

SONIA Positive 0.71250 No


1Y USD Geared Outperformance Notes on Euro Stoxx 50 versus S&P 500

Positive Spread SX5E - SPX

SX5E / SPX Spread Positive 3765.39 / 3289.29 No

Daniel Hosegood 16/01/2020 NHYNO Negative No

Daniel Hosegood 16/01/2020 ALB into WLK Switch No

Alasdair Monro 15/01/2020 chr Short / Sell No

stephen joseph 15/01/2020 nzymb Short / Sell No

Alasdair Monro 15/01/2020 bn Short / Sell No

Alasdair Monro 15/01/2020 danske buy No

Alasdair Monro 15/01/2020 dg Short / Sell No


€ TELIA INTO OPTUS SWITCH : Sell TELIAS 3% 27 / Buy SGTOPT 1% 29

Switch No


EUR HYBRIDS SWITCH: SELL BNFP 1.75 p23 / BUY ULFP 2.125 p23

Switch No

Fiona Daly 15/01/2020 UNA NA Short / Sell No

Daniel Hosegood 15/01/2020 LYB buy No


5Y USD Autocallable Notes linked to Industrial Automation stocks

GE UN / SIE GY / AMZN UQ Positive 11.895 / 115.74 / 1861.787 No


5Y USD Autocallable Notes linked to Autonomous Driving stocks

F UN / TSLA UQ / GM UN / APTV UN / GOOG UQ Positive 9.22 / 527.74 / 35.17 / 88.22 / 1436.545 No


5Y USD Autocallable Notes linked to Trains & Airlines stocks

AC CT / EZJ LN / CNR CT Positive 51.74 / 1499.50 / 122.655 No


5Y USD Individually Capped Call Spread Warrant linked to US Aging Population Basket

GILD UQ / JNJ UN / PFE UN / WELL UN / PEAK UN / VTR UN / ENB UN / PPL CT / FE UN / CCL UN / RCL UNPositive 64.21 / 147.34 / 40.66 / 85.17 / 35.83 / 57.38 / 40.25 / 50.10 / 48.58 / 50.29 / 132.66 No


2Y USD Booster Notes linked to a basket of Cybersecurity Stocks

CSCO UQ / NLOK UQ / JNPR UN Positive 48.025 / 27.255 / 24.485 No


2Y USD Leveraged Participation Notes linked to a basket of US Consumption Stocks

LVS UN / GM UN / TGT UN Positive 72.94 / 35.22 / 116.30 No


3Y USD Autocallable Notes linked to US Retailers stocks

AMZN UQ / BBY UN / LULU UQ / WMT UN Positive 1861.68 / 88.915 / 244.58 / 114.82 No


2Y USD Smart Allocator Notes linked to Utilities Select Sector SPDR ETF

XLU UP Positive 65.94 No


1.5Y USD Autocallable Notes linked to Gold Mining companies

NEM UN / ABX CT / AEM CT Positive 43.42 / 23.32 / 78.36 No


3Y USD Cross Asset Optimized Basket linked to Macro Basket

SPX / NKY / GLD UP / LQD UP / HYG UP Positive 3292.57 / 23916.58 / 146.50 / 128.82 / 88.495 No


1Y USD Average Ladder Lock-In with Short Down-In Put linked to Sector ETFs

XLU UP Positive 65.94 No


2Y USD Outperformance Notes of S&P Dividend and Sector ETFs versus S&P 500

SDY UP / XLK UP / XLY UP Positive 107.4922 / 95.36 / 126.45 No


1Y USD Bullish Sharkfin linked to SPDR Gold Shares ETF

GLD UP Positive 146.41 No


3Y EUR Himalayan Warrant linked to a Basket of Stocks

AAPL UQ / MSFT UQ / BABA UN / 700 HK / 7203 JT / 6758 JT / SAP GY / LIN GY / FP FP / MC FP / HSBA LN / BP/ LNPositive 312.83 / 163.50 / 225.57 / 398.80 / 7672 / 7880 / 123 / 189.80 / 48.58 / 431.45 / 589.80 / 495.20 No


3Y USD Dispersion Palladium Warrant linked to a basket of Asian Stocks

5 HK / 941 HK / 7203 JT / 8316 JT / 388 HK / 857 HK / 6501 JT / 700 HK / 4911 JT / 9984 JT Positive 59.80 / 65.80 / 7672 / 3968 / 279.80 / 3.94 / 4518 / 398.80 / 7983 / 4979 No


SANTAN T2

buy No

Thomas Iveson 14/01/2020 KGF Short / Sell No


Darren Cohen 14/01/2020 switch fis 25's into vw 26's for a good pick up in yield Switch No


Sell ORSTED 1¾ '27 101½/

Buy ORSTED 6¼ '23 /117¾

Switch No


Abertis

Negative No


HIT

buy No


Sanef

buy No

Darren Cohen 14/01/2020 la poste into akeluis looks like a great trade in corp hybrids Switch No


SELL FRPTT 3.125 hybrids 106.50/ z 206

BUY AKFAST 3.875 hybrids /106.25 z 222 (

Switch No

Tomas Melville 14/01/2020 positive NMC NMC LN buy No

Tomas Melville 14/01/2020 negative Kingfisher KGF LN Short / Sell No


Tomas Melville 14/01/2020 negative Centamin CEY LN Short / Sell No

Quoc Phong, Dang 14/01/2020 3M (MMM US) buy 250 No

Quoc Phong, Dang 14/01/2020 Principal Financial Group buy 70 No

Quoc Phong, Dang 14/01/2020 Carnival buy 60 No

Quoc Phong, Dang 14/01/2020 General Electric buy 15 No

Allison Lobb 14/01/2020 kingfisher Short / Sell No


Sell belly 4h42/3q44/3h45 fly



sell belly 3t52/1t57/2h65


Allison Lobb 13/01/2020 Whitbread Short / Sell No


Sell TELEFO 2⅝ '23 102¾/

Buy TELEFO 3⅞ '26 /108⅛

Switch No

Alasdair Monro 13/01/2020 pnn buy No

Alasdair Monro 13/01/2020 tui1 Short / Sell No

Fiona Daly 13/01/2020 PNN LN buy No

Fiona Daly 13/01/2020 ADS GY buy No

Fiona Daly 13/01/2020 MONC IM buy No

Thomas Iveson 13/01/2020 Short / Sell No

Alasdair Monro 13/01/2020 rog Short / Sell No

Tomas Melville 13/01/2020 negative Hunting HTG LN Short / Sell No

Tomas Melville 13/01/2020 positive Pennon PNN LN buy No

Thomas Iveson 10/01/2020 BME Short / Sell No


SELL CCBGBB 0 3/4 09/12/22

BUY CCBGBB 0 3/8 02/13/26 Switch No

Allison Lobb 10/01/2020 rwe, aggreko, homeserve buy No

Nils Wittenhagen 10/01/2020 EFN CN buy No

Quoc Phong, Dang 10/01/2020 Halliburton buy 30 No

Quoc Phong, Dang 10/01/2020 Baker Hughes buy 40 No

Quoc Phong, Dang 10/01/2020 Sociedad Química y Minera de Chile buy 50 No

Fiona Daly 09/01/2020 AGS BB Neutral / Hold No

Nils Wittenhagen 09/01/2020 EDP PL buy No

Nils Wittenhagen 09/01/2020 Short / Sell No

Thomas Iveson 09/01/2020 IFX buy No

Thomas Iveson 09/01/2020 STM buy No

Thomas Iveson 09/01/2020 ASML buy No


SELL FRFP 1 1/2 06/18/25

BUY ZFFNGR 2 02/23/26 Switch No


SELL VW 3 1/4 11/18/30

BUY VW 4 1/8 11/16/38


Nicholas Harrison 09/01/2020 MYLAN buy No


sell TOTAL 2⅝ '25

buy TOTAL 2.708 '23 Switch No

Alasdair Monro 08/01/2020 var1 buy No

Nils Wittenhagen 08/01/2020 NTR CN buy No

Fiona Daly 08/01/2020 HMB SS buy No

Fiona Daly 08/01/2020 UBSG SW buy No

Allison Lobb 08/01/2020 UBS buy No

Alasdair Monro 08/01/2020 htg Short / Sell No



BID {EU} ULFP 1 27

OFFER {GB} ULFP 2.625 29 ULFP Switch No


+ RWE GY

buy No


10s/50s steepener or similar

Switch No


buyer belly 4q36/1t37/3h45 fly

Switch No


sell 1f 54 v neighbours


Quoc Phong, Dang 07/01/2020 Continental AG buy 150 No


DXC

buy No


Informa

buy No


Publicis

buy No

Daniel Hosegood 07/01/2020

Imperial Brands long

buy No


Balder

buy No

Richard Fay 07/01/2020 KEL Extension KEL, Yorkshire Water Switch No

Quoc Phong, Dang 07/01/2020 Nordstrom buy 50 No

Quoc Phong, Dang 07/01/2020 Lear Corp buy 180 No

Tomas Melville 07/01/2020 negative RMG RMG Short / Sell No

Tomas Melville 07/01/2020 neg Renault RNO FP Short / Sell No

Duncan Lake 07/01/2020 Buy on weakness EGBLFN '25 buy No

Quoc Phong, Dang 06/01/2020 BP buy 600 No

Quoc Phong, Dang 06/01/2020 ENI buy 20 No

Allison Lobb 06/01/2020 premier oil, equinor buy No

Allison Lobb 06/01/2020 segro Short / Sell No

Darren Cohen 06/01/2020 switch heathrow 46's into gatair 49's for good terms Switch No

Richard Fay 06/01/2020 Sell HTHROW Buy GATAIR long end Switch No


OFFER £ GATAIR 2.875 49

BID HTHROW 4.625 46 GATAIR HTHROW Switch No


SELL VW 3 1/4 11/18/30



SELL WNTRDE 0.84 09/25/25



SELL TOTAL 2 1/2 03/25/26

BUY TOTAL 0.696 05/31/28 Switch No

Robin Kooyman 06/01/2020 WEIR Neutral / Hold No

Robin Kooyman 06/01/2020 HMB Neutral / Hold No

Robin Kooyman 06/01/2020 RAND Neutral / Hold No

Robin Kooyman 06/01/2020 SMWH Neutral / Hold No


Tef De

buy No

Alasdair Monro 06/01/2020 pndora buy No



Quoc Phong, Dang 06/01/2020 Patterson UTI Energy buy 15 No



Alasdair Monro 03/01/2020 dai Short / Sell No


Alasdair Monro 03/01/2020 ml Short / Sell No

Alasdair Monro 03/01/2020 eqnr buy No


Easyjet

Positive No

Alasdair Monro 03/01/2020 eqt buy No


buy 3q 44 vs neighbours



sell EDF 3 '27

buy EDF 6 '26 Switch No

Alasdair Monro 02/01/2020 atl Short / Sell No

Alasdair Monro 02/01/2020 rep Short / Sell No

Alasdair Monro 02/01/2020 nxt Short / Sell No

Allison Lobb 02/01/2020 atlantia, buy No

Allison Lobb 02/01/2020 next Short / Sell No

Quoc Phong, Dang 20/12/2019 DR Horton buy 65 No

Quoc Phong, Dang 20/12/2019 Toll Brothers buy 46 No

Quoc Phong, Dang 20/12/2019 TCOM buy 40 No

Darren Cohen 20/12/2019 switch long in tmo, 28's into 39's Switch No

Darren Cohen 19/12/2019 switch shorter, dhr 49's into 39's Switch No

Alasdair Monro 18/12/2019 fltr Short / Sell No

Robin Kooyman 18/12/2019 SAN buy No

Robin Kooyman 18/12/2019 FGR buy No

Robin Kooyman 18/12/2019 WEIR buy No

Tomas Melville 18/12/2019 positive NMC NMC LN buy No

Tomas Melville 18/12/2019 negative Kion KGX GR buy No

Darren Cohen 17/12/2019 switch longer in spanish names, ibesm 24 into telefo 26 Switch No


* SELL IAGLN 0 1/2 07/04/23

* BUY IAGLN 1 1/2 07/04/27 Switch No

Alasdair Monro 17/12/2019 una Short / Sell No

Alasdair Monro 17/12/2019 ulvr Short / Sell No

Alasdair Monro 17/12/2019 nmc Short / Sell No


Bid : MS 2 ⅝ 03/09/27

Offer: WFC 2 ½ 05/02/29 Switch No

Alasdair Monro 16/12/2019 cne buy No

Alasdair Monro 16/12/2019 eluxb buy No

Alasdair Monro 16/12/2019 map Short / Sell No

Alasdair Monro 13/12/2019 hen3 Short / Sell No

Alasdair Monro 13/12/2019 novob Short / Sell No

Quoc Phong, Dang 13/12/2019 Barclays buy 250 No

Quoc Phong, Dang 13/12/2019 UBS buy 16 No

Robin Kooyman 13/12/2019 DGE Neutral / Hold No

Darren Cohen 13/12/2019 switch longer in euro: BATSLN Switch No


£ RLMI extension switch

Sell RLMI 6.125% 23-43

Buy RLMI 4.875% 39-49 Switch No


You sell VW 4⅝ '26

You buy VW 3⅞ '27 Switch No

Fiona Daly 12/12/2019 NTGY SM Short / Sell No

Allison Lobb 12/12/2019 anglo american buy No

Alasdair Monro 12/12/2019 krn buy No

Alasdair Monro 12/12/2019 FSC1V:FH Short / Sell No

Alasdair Monro 12/12/2019 DLG:GY Short / Sell No

Alasdair Monro 12/12/2019 NTGY:SM buy No

Alasdair Monro 12/12/2019 mt Short / Sell No

Thomas Iveson 12/12/2019 BATS Short / Sell No

Thomas Iveson 12/12/2019 UU buy No

Thomas Iveson 12/12/2019 NG buy No

Thomas Iveson 12/12/2019 RBS buy No

Thomas Iveson 12/12/2019 BARC buy No

Thomas Iveson 12/12/2019 RYA buy No


Atlantia

Abertis

Spread Negative No

Richard Fay 11/12/2019 Sell NWGLN Buy KEL Switch No


sell DBHNGR 1.6 '29

buy DBHNGR 0.95 '25

Switch No


{GB} Extend in Citi?

Bid: C 2 ¾ 01/24/24

Offer: C 1 ¾ 10/23/26 Switch No

Fiona Daly 11/12/2019 ZURN SW Neutral / Hold No

Quoc Phong, Dang 11/12/2019 Nutanix buy No

Quoc Phong, Dang 11/12/2019 Baidu buy 150 No

Quoc Phong, Dang 11/12/2019 Fresnillo buy 1000 No

Quoc Phong, Dang 11/12/2019 Hudbay Minerals buy 10 No


Buy 2 25 vs wider wings

Switch No

Thomas Iveson 10/12/2019 AIR buy No

Thomas Iveson 10/12/2019 TED BAKER Short / Sell No

Thomas Iveson 10/12/2019 VARTA Short / Sell No

Fiona Daly 10/12/2019 MKS LN buy No

Darren Cohen 10/12/2019 switch bp 25's into 27's Switch No


Sell DLR 2 1/2 01/16/26to buy DLR 1 1/8 04/09/28

Switch No

Alasdair Monro 10/12/2019 mks buy No

Alasdair Monro 10/12/2019 aht Short / Sell No

Alasdair Monro 10/12/2019 aal Short / Sell No


SELL

NEPSJ 1.75 11/24

BUY

NEPSJ 1.875 10/26 Switch No

Alasdair Monro 10/12/2019 sdf buy No

stephen joseph 10/12/2019 leo Short / Sell No

Allison Lobb 10/12/2019 marks buy No

Allison Lobb 10/12/2019 mks buy No


SELL

NEPSJ 2.625 05/23

BUY

NEPSJ 1.875 10/26 Switch No

Daniel Hosegood 09/12/2019 PVH 2027 buy No

Richard Fay 09/12/2019 CDTFIN Extension CDTFIN Switch No


SELL

ENBW 1.875 10/33

BUY

EOANGR 0.625 11/31 Switch No


€ TMT: DT 31/49 LONG-END EXTENSION

Sell DT 1.75 31

Buy DT 1.75 49 Switch No


You sell VW 2½ '22

You buy VW 2.7 '22

You buy VW 3⅞ '27

Switch No

Robin Kooyman 09/12/2019 ABC LN Neutral / Hold No

Robin Kooyman 09/12/2019 WEIR buy No


Alasdair Monro 09/12/2019 tlw buy No

Alasdair Monro 09/12/2019 kos Short / Sell No



Allison Lobb 09/12/2019 ferguson, legrand Short / Sell No

Allison Lobb 06/12/2019 provident financial Neutral / Hold No

Allison Lobb 06/12/2019 phoenix and swiss re buy No


Fiona Daly 06/12/2019 PFG LN Neutral / Hold No

Nils Wittenhagen 06/12/2019 NA CN buy No

Nils Wittenhagen 06/12/2019 TD CN buy No

Robin Kooyman 06/12/2019 BOL DGE buy No

Alasdair Monro 06/12/2019 mor Short / Sell No

Quoc Phong, Dang 06/12/2019 Schlumberger buy 50 No

Alasdair Monro 05/12/2019 efgn buy No

Alasdair Monro 05/12/2019 monc buy No


Alasdair Monro 05/12/2019 viv Short / Sell No

Daniel Hosegood 05/12/2019 Imperial Brands 2025 buy No


Sell WPPLN 1 5/8 03/23/30Buy PUBFP 1 3/4 06/13/31

Switch No


€ TMT: VOD 29/30 Extension at WIDES

Sell VOD 1.875 11/29

Buy VOD 1.625 11/30 Switch No


pushing trading buy in GLEN to clients

glen ln buy No

Allison Lobb 05/12/2019 standard life buy No

Allison Lobb 05/12/2019 vinci, m&G Short / Sell No

Allison Lobb 05/12/2019 segro Short / Sell No

Alasdair Monro 05/12/2019 glen Short / Sell No

Alasdair Monro 05/12/2019 wch Short / Sell No

Fiona Daly 05/12/2019 DG FP Neutral / Hold No

Fiona Daly 05/12/2019 MNG LN Neutral / Hold No


SELL

ACEIM 1.75 05/28

BUY

MRDGF 2.25 04/29 Switch No



WFC curve trades

Sell £ WFC 3.5% 29

Buy £ WFC 2.125% 31

Sell £ WFC 4.625% 35

31s cheap bond on curve Switch No


BRK £ Reduction

Sell 3m BRK 2.625% 59

Buy 3m BRK 2.375% 39 Switch No

Daniel Hosegood 04/12/2019 MTNA front-end buy No

Alasdair Monro 04/12/2019 ntgy Short / Sell No

Alasdair Monro 04/12/2019 sgro Short / Sell No

Quoc Phong, Dang 04/12/2019 Activision Blizzard buy 65 No


SELL VW 1 5/8 01/16/30

SELL VW 3 1/4 11/18/30


Quoc Phong, Dang 04/12/2019 Lundin Mining buy 10 No

Fiona Daly 04/12/2019 SGRO LN Short / Sell No


€ Madrilena active

SELL

MRDGF 4.5 12/23

BUY



SWITCHSell 3m PICORP 7.375% 29-49

Buy 3m PICORP 5.625% 30 Switch No


sell VW 2½ '22 102.65/

buy VW 2.7 '22 /103.20

Switch No

Tomas Melville 04/12/2019 positive Weir WEIR LN buy No

Tomas Melville 04/12/2019 negative Segro SGRO Short / Sell No


Alasdair Monro 04/12/2019 hmso Short / Sell No


Buy 49s vs wider wings

Switch No

Alasdair Monro 03/12/2019 fxpo Short / Sell No


Sam Malins 03/12/2019

You sell € TMO 1 1/2 39

You buy € VOD 2 1/2 39

Switch No


€ FIDELITY NATIONAL: 30/39 Extension at recent wides...

Sell FIS 2% 30

Buy FIS 2.95 39 Switch No


€ REITS: ULFP 49 into ANNGR 39 switch

Sell ULFP 1.75 49

Buy ANNGR 1.625 39 Switch No

Quoc Phong, Dang 03/12/2019 Teladoc buy 150 No

Quoc Phong, Dang 03/12/2019 Micron buy 60 No

Quoc Phong, Dang 03/12/2019 Nvidia buy 260 No

Alasdair Monro 03/12/2019 gam buy No

stephen joseph 03/12/2019 intc Short / Sell No

Alasdair Monro 02/12/2019 cna Short / Sell No

Alasdair Monro 02/12/2019 sge Short / Sell No


You sell ENELIM 3⅜ '26 107.95/

You buy ENELIM 2½ '23 /103.60

Switch No


Sell SEGPLP 1.25 10/23 B+104 Z+70 0.44%

Buy SEGPLP 1.5 11./25 B+134 Z+99 0.83% Switch No

Tomas Melville 02/12/2019 positive Glencore GLEN LN buy No

Allison Lobb 02/12/2019 melrose, anglo, glencore, bhp, rio buy No

Allison Lobb 02/12/2019 rwe, DBK Short / Sell No

Darren Cohen 02/12/2019 good time to switch DT into BT in euro Switch No

Thomas Iveson 02/12/2019 CRH Short / Sell No

Quoc Phong, Dang 02/12/2019 Glencore buy 300 No

Quoc Phong, Dang 02/12/2019 Rio TInto buy 5000 No

Fiona Daly 29/11/2019 ITX SM buy No

Fiona Daly 29/11/2019 buy VOW3 GY No

Alasdair Monro 29/11/2019 ocdo buy No

Alasdair Monro 29/11/2019 redd buy No

Alasdair Monro 29/11/2019 ntg Short / Sell No

Alasdair Monro 29/11/2019 rand Short / Sell No

Alasdair Monro 29/11/2019 fls Short / Sell No


€ TMT: CHORUS EXTENSION

Sell CNUNZ 1.125 23

Buy CNUNZ 0.875 26 Switch No

Alasdair Monro 28/11/2019 sbmo Short / Sell No

Alasdair Monro 28/11/2019 eoan Short / Sell No

Alasdair Monro 28/11/2019 rmg Short / Sell No

Alasdair Monro 28/11/2019 cfr Short / Sell No

Allison Lobb 28/11/2019 melrose buy No


Alasdair Monro 27/11/2019 seba Short / Sell No

Alasdair Monro 27/11/2019 byg Short / Sell No


SELL

CEZCP 0.875 11/22

BUY

CEZCP 0.875 12/26 Switch No


+ MC FP

MC FP buy No


+ AIR FP

AIR FP buy No


- HMB SS

HMB SS buy No


+ SAF FP

saf fp buy No


- auto ln

auto ln Short / Sell No


- cine ln

cine ln Short / Sell No


+ amzn

amzn us buy No


+ appl us

aapl buy No

Thomas Iveson 27/11/2019 ORANGE buy No


SELL

ENAPHO 1.659 04/24

BUY

ENAPHO 2.045 10/28 Switch No

Thomas Iveson 27/11/2019 rwe Short / Sell No

Thomas Iveson 27/11/2019 amigo Short / Sell No

Tomas Melville 27/11/2019 positive Amigo AMGO LN buy No

Tomas Melville 27/11/2019 negative Big Yellow BYG LN Short / Sell No

Allison Lobb 27/11/2019 big yell Short / Sell No


SELL PEUGOT 1 1/8 09/18/29



SELL RENAUL 1 04/18/24

SELL RENAUL 1 11/28/25



SELL RENAUL 1 1/4 06/08/22


Daniel Hosegood 26/11/2019 ATDBCN Neutral / Hold No

Alasdair Monro 26/11/2019 nvo Short / Sell No

Richard Fay 26/11/2019 Sell TSCOLN 25 Buy MARSPE 27 TSCOLN, MARSPE Switch No

Fiona Daly 26/11/2019 EXPN LN buy No


SELL

RTEFRA 1.5 09/30

BUY

RTEFRA 0 09/27 Switch No


SELL IAGLN 0 1/2 07/04/23

BUY IAGLN 1 1/2 07/04/27 Switch No


Sell CABKSM 2 3/4 07/14/28

Buy BBVASM 2.575 02/22/29

Switch No


SELL DGELN 1 04/22/25




BUY KO 0 3/4 09/22/26 Switch No


Alasdair Monro 26/11/2019 vifn buy No

Alasdair Monro 26/11/2019 uhr Short / Sell No


SELL SANFP 1 1/4 03/21/34

BUY SANFP 0 7/8 03/21/29 Switch No


SELL ABESM 1 5/8 07/15/29

BUY ABESM 3 03/27/31 Switch No

Tomas Melville 26/11/2019 Positive Burford Capital BUR LN buy Yes


Alasdair Monro 26/11/2019 fme buy No

Allison Lobb 26/11/2019 cineworld buy No


NEW £ SNR OFFER: 10m COVBS 1 1/2 01/23/23

Switch:

SELL COVBS 1 7/8 10/24/23 Switch No

Allison Lobb 25/11/2019 mks, LV buy No


Sell EDF 4 '24 107⅝

Buy EDF 5 '26 112½

Switch No





SELL ALB 1 1/8 11/25/25

BUY ALB 1 5/8 11/25/28 Switch No


€ RTEFRA SHORTENER

SELL

RTEFRA 2.125 09/38

BUY

RTEFRA 0 09/27 Switch No


€ TMT: DT 31/39 Extension at WIDES...

Sell DT 1.75 31

Buy DT 2.25 39 Switch No

Allison Lobb 25/11/2019 richemont buy No

Darren Cohen 25/11/2019 switch vod 29 into vod 30's, curve is steep Switch No

Fiona Daly 25/11/2019 GALP PL Neutral / Hold No


Alasdair Monro 25/11/2019 wg Short / Sell No

Alasdair Monro 25/11/2019 sgre buy No

Alasdair Monro 25/11/2019 isr Receive No

Alasdair Monro 25/11/2019 pos Short / Sell No

Fiona Daly 25/11/2019 ABF LN buy No

Tomas Melville 25/11/2019 positive ABF ABF LN buy No

Nils Wittenhagen 25/11/2019 ABF LN buy No


SELL BMW 0 3/8 09/24/27



€ CEZCP EXTENSION

SELL

CEZCP 0.875 11/22

BUY

CEZCP 0.875 12/26 Switch No


SELL

ENAPHO 1.698 07/26

BUY



Sell MS 0.637 07/26/24-23

Buy MS 1 3/8 10/27/26

Switch No

Fiona Daly 22/11/2019 ABC LN buy No



Quoc Phong, Dang 22/11/2019 Daimler AG buy 52.17 17:30 60 No

Quoc Phong, Dang 22/11/2019 Atlantia SPA Short / Sell 21.54 17:30 19 No

Quoc Phong, Dang 22/11/2019 BASF AG buy 69,68 17:30 85 No

Quoc Phong, Dang 22/11/2019 Bucher Industries AG buy 328 17:30 400 No

Quoc Phong, Dang 22/11/2019 CaixaBank buy 2.686 17:30 3.50 No

Matthew Evans 21/11/2019

long CMC

CMCX LN buy No

Darren Cohen 21/11/2019 switch ING 2% into ING 1% in euro t2 Switch No

Natalia Lipecka 21/11/2019 CMCX LN buy No

Alasdair Monro 21/11/2019 evd buy No

Natalia Lipecka 21/11/2019 FEVR LN, MTO LN, WMH LN Neutral / Hold No

Nicholas Harrison 21/11/2019 NGGLN hybrids Short / Sell No


€ REITS: TLG Extension

Sell TLGGR 1.375 11/24

Buy TLGGR 1.5 05/26 Switch No

Allison Lobb 21/11/2019 homeserve, dcc, flutter, stars buy No

Tomas Melville 21/11/2019 neg BAT BATS LN Short / Sell No

Tomas Melville 21/11/2019 neg RMG RMG LN buy No

Alasdair Monro 21/11/2019 san buy No

Alasdair Monro 21/11/2019 bats Short / Sell No


Alasdair Monro 20/11/2019 novob Short / Sell No


Fiona Daly 20/11/2019 ADP FP buy No

Tomas Melville 20/11/2019 positive fevertree FEVR LN buy No

Tomas Melville 20/11/2019 negative Ferguson FERG LN Short / Sell No

Tomas Melville 20/11/2019 negative Kingfisher KGF LN Short / Sell No

Allison Lobb 20/11/2019 homeserve, aviva buy No



SES

Spread Negative No

Nicholas Harrison 19/11/2019 REDEXIS buy No

Nicholas Harrison 19/11/2019 MADRILENA buy No

Darren Cohen 19/11/2019 switch PM 39's into MO 31's Switch No


BID BE6316405560 £ EUROCL 1.25 24

OFFER XS2052961740 £ NYLIFE 1.25 26 Both bulletsSell outperformer, buy underperformerPick

spread, yield, z and ratingShort history but looks toward all time Bloomberg highSwitch out of

Senior into Funding Agreement ("GIC")

Switch No


€ DANAHER 49/39 SHORTENER

Sell DHR 1.8 49

Buy DHR 1.35 39 Switch No


SELL

LOGICR 1.5 11/22

BUY

LOCIGR 0.75 07/24 Switch No

Darren Cohen 19/11/2019 switch iberdrola into madrilena, spanish utilities Switch No

Fiona Daly 19/11/2019 HSV LN buy No

Alasdair Monro 19/11/2019 glen buy No

Alasdair Monro 19/11/2019 boy Short / Sell No

Alasdair Monro 19/11/2019 ferg Short / Sell No

Allison Lobb 19/11/2019 easyjet, melrose, homeserve buy No

Allison Lobb 19/11/2019 julius baer Short / Sell No


RBC € ENELIM vs SRGIM

SELL ENELIM 1.125 10/34

BUY SRGIM 1 09/34 Switch No


SELL BMW 0 3/8 09/24/27



SELL COLSM 2 1/2 11/28/29

BUY ALTAFP 1 7/8 01/17/28 Switch No

Richard Fay 18/11/2019 Sell CDTFIN 28, buy CDTFIN 46 Cadent Finance PLC Switch No


Alasdair Monro 18/11/2019 vow3 Short / Sell No

Alasdair Monro 18/11/2019 wln Short / Sell No

Alasdair Monro 18/11/2019 enx Short / Sell No

Alasdair Monro 18/11/2019 sweda Short / Sell No

Alasdair Monro 18/11/2019 ng/ Short / Sell No

Allison Lobb 18/11/2019 B&M buy No

Allison Lobb 15/11/2019 julius baer Short / Sell No

Darren Cohen 15/11/2019 switch danaher euro 49's into danaher 39's in us dollars Switch No


Utils € " Time to switch out of tier 2 into tier 1 Italian names ?"

SELL

ACEIM 1.75 05/28

BUY

ENELIM 1.375 06/26 Switch No

Nils Wittenhagen 15/11/2019 BHP LN buy No


sell COLSM 2 1/2 11/28/29

buy ALTAFP 1 7/8 01/17/28

pick z

Switch No

Lucy Plant 14/11/2019

SELL BURERRY ON STRENGTH

Short / Sell No

Allison Lobb 14/11/2019 national grid buy No

Allison Lobb 14/11/2019 Burberry Short / Sell No

Alasdair Monro 14/11/2019 rwe Short / Sell No

Tomas Melville 14/11/2019 negative Burberry Short / Sell No

Tomas Melville 14/11/2019 negative RWE RWE GR Short / Sell No


€ AUSSIE REIT SWITCH:

Sell GMGAU 1.375 25

Buy SCGAU 1.45 29 Switch No


Buy 0f 25 vs 24s or 26s

buy No

Nils Wittenhagen 14/11/2019 ZAL GY buy No


Alasdair Monro 13/11/2019 sesg buy No

Alasdair Monro 13/11/2019 ng Short / Sell No


Telia

Spread Negative No

Allison Lobb 13/11/2019 aena, national grid Short / Sell No

Robin Kooyman 13/11/2019 SMWH buy No

Richard Fay 13/11/2019 Sell GBP DLR 29 Buy EUR DLR 28 DLR Switch No


SELL PEUGOT 1 1/8 09/18/29

BUY PEUGOT 2 03/23/24 Switch No


SELL BMW 1 1/2 02/06/29



SELL RDSALN 0 1/8 11/08/27

BUY RDSALN 0 1/2 11/08/31 Switch No

Alasdair Monro 13/11/2019 sdf Short / Sell No


Switch 1f 28 into 0s 29

Switch No


sell belly 34s/39s/49s gilt fly

Switch No


€ TMT: BRITEL 29/25 Shortener

Sell BRITEL 1.125 29

Buy BRITEL 0.5 25 Switch No


€ RTE SHORTENER

SELL

RTEFRA 1.5 09/30

BUY

RTEFRA 0 09/27

Switch No


Client sells SESGFP 5⅝ '24

Client buys TELEFO 3 '23 Switch No


BID BALDER 1.875 25

OFFER BALDER 1.875 26 Switch No

Allison Lobb 12/11/2019 asos, abcam, wh smiith, BHP, SAP, SKF, CS, Teamviewer buy No

Alasdair Monro 11/11/2019 dph Short / Sell No


RBC € FEDEX EXTENSION

SELL

FDX 1 01/23

BUY

FDX 0.45 08/25 Switch No


€ GE SHORTENER

SELL

GE 1.5 05/29

BUY

GE 4.625 02/27 Switch No

Alasdair Monro 11/11/2019 dri buy No


€ Spanish vs Italian Utils

SELL

ACEIM 1.75 05/28

BUY



You sell TOTAL 2.625 '25

You buy TOTAL 2.708 '23

Switch No


BID WFC 2 25

OFFER WFC 2.125 31 WFC Switch No


Buyer belly 45s/49s/57s

buy No

Allison Lobb 08/11/2019 abcam buy No

Allison Lobb 08/11/2019 renault, g4s Neutral / Hold No




SELL

ENAPHO 1.659 04/24

BUY



Alasdair Monro 08/11/2019 abc buy No

Alasdair Monro 08/11/2019 umi buy No

Tarek, Abi Aad 08/11/2019

RBC Global Top 30 Index: good performance since start of the year.

buy No

Natalia Lipecka 07/11/2019 buy 3IN No

Natalia Lipecka 07/11/2019 SDRY LN buy No

Natalia Lipecka 07/11/2019 BPOST BB buy No

Natalia Lipecka 07/11/2019 IMI LN buy No

Natalia Lipecka 07/11/2019 TOD IM Short / Sell No

Natalia Lipecka 07/11/2019 MOR GY buy No


Vmed

Neutral / Hold No


ziggo 4 year

buy No


UPC secureds

buy No

Nils Wittenhagen 07/11/2019 ORSTED DC buy No


Sell DHR 1.2 06/27

Buy DHR 0.2 03/26 Switch No


Paul Adams 07/11/2019 K US Equity options buy No


Sell ABIBB 31s and buy MDLZ 31s in € for pick dbr and z spread

Switch No

Fiona Daly 07/11/2019 ORSTED DC buy No

Alasdair Monro 07/11/2019 fie Short / Sell No

Alasdair Monro 07/11/2019 sgsn Short / Sell No


Alasdair Monro 07/11/2019 ig buy No

Daniel Hosegood 06/11/2019 WBA Negative No


intu

Spread Negative No




Darren Cohen 06/11/2019 switch shorter in hsbc, from 28's to 26/25's Switch No


Client sell BAYNGR 3 '20 101.85

Client buy BAYNGR 2⅜ '22 102.60

Switch No

Paul Adams 06/11/2019 VALE US buy No

Paul Adams 06/11/2019 RIO US Equity buy No

Robin Kooyman 06/11/2019 CS FP buy No

Tomas Melville 06/11/2019 positive MKS MKS LN buy No

Tomas Melville 06/11/2019 positive Aurubis NDA GY buy No

Tomas Melville 06/11/2019 negative Naturgy NTGY SM Short / Sell No

Tomas Melville 06/11/2019 positive GLE FP GLE FP buy No

Tomas Melville 06/11/2019 positive Wirecard WDI LN buy No


Allison Lobb 06/11/2019 weir, mining buy No

Fiona Daly 06/11/2019 buy No

Fiona Daly 06/11/2019 BHP LN buy No


Client sells TOTAL 2⅝ '25 108½

Client buys TOTAL 2.708 '23 107

Switch No

Natalia Lipecka 05/11/2019 SMWH LN, BME LN, JD/ LN, HMB SS, ITX IM, ZAL GY buy No

Natalia Lipecka 05/11/2019 GVC LN buy No

Natalia Lipecka 05/11/2019 WHR LN buy No

Luke Tiller 05/11/2019

CLIENT SELLS -> SOCGEN 2 ½ 09/16/26-21

CLIENT BUYS -> F 1.514 02/17/23

Switch No

Richard Fay 05/11/2019

TSCOLN --> NXTLN

Client sells TSCOLN 2.5% 25

Client buys NXTLN 3% 25 Switch No

Robin Kooyman 05/11/2019 MDLZ buy No

Robin Kooyman 05/11/2019 APTV buy No


sell BHP 4.75% 21-call and buy BHP 5.625%

Switch No


Client sells BHP 4¾ 76-21 106.40

Client buys BHP 5⅝ 79-24 122.50

Switch No

Alasdair Monro 05/11/2019 colob Short / Sell No

Alasdair Monro 05/11/2019 pndora Short / Sell No

Allison Lobb 05/11/2019 weir, ryanair, gvc, teamviewer buy No


SELL ABIBB 1.65 03/28/31

BUY LYB 1 5/8 09/17/31 Switch No


SELL SIEGR 0.9 02/28/28



Buy belly gilt 26s / 29s/ 32s


Robin Kooyman 05/11/2019 AVTR Short / Sell No

Nicola Monzini 05/11/2019 WDC buy No

Alasdair Monro 05/11/2019 itx Short / Sell No


SELL KHC 2 1/4 05/25/28



SELL ABBV 1 1/4 11/18/31

BUY ABBV 0 3/4 11/18/27 Switch No


SELL AUCHAN 2 5/8 01/30/24

BUY AUCHAN 2 3/8 04/25/25 Switch No


SELL SIEGR 0.9 02/28/28

BUY SIEGR 0.3 02/28/24 Switch No


SELL KO 1.1 09/02/36



SELL PEUGOT 1 1/8 09/18/29



SELL ZFF 23s

BUY ZFF 27s

Switch No


€ FIDELITY NATIONAL: Trading FIS 1.5 27 --> B+118/114.50 Seller 10mm (Z+74, 0.62%, €106.28)

You can switch out of FISV 1.125 27 for drop just Z+2 (B+118 Z+76 bid)...

At the tights... has traded as much as 15bps apart) - we see FV as 5-10bps Switch No


Allison Lobb 04/11/2019 Teamviewer buy No

Allison Lobb 04/11/2019 intesa Short / Sell No


€ REITS: ANNGR 39/34 SHORTENER FOR DROP Z+20...

Sell ANNGR 1.625 39 B+175 Z+126 1.68%

Buy ANNGR 1.125 34 B+158 Z+106 1.35%

* Reduce 5yrs for drop Z+20

* Both were recently issued - 34s at MS+115 and 39s at MS+160 (45bps apart)

* Works 5x5 Switch No


Sell INTNED 0.75 22 and buy INTNED 0.1 25

Switch No


€ REITS: COVIVIO 31/28 SHORTENER - FLAT CURVE

Sell COVFP 1.125 09/31

Buy COVFP 2.375 02/28 Switch No


Sell £ NXLTN 21s and buy £ NXTLN 25s

Switch No


RBC € " TIME TO SWITCH TO MADRILENA "

SELL

AEMSPA 1 07/29

BUY


Daniel Hosegood 04/11/2019 KHC into PVH Switch No

Fiona Daly 04/11/2019 TMV GY buy No

Darren Cohen 01/11/2019 switch ucgim 20/25 into socgen 21/26 Switch No


Sell £ BMO 1.625% 22

Buy £ NAB 1.125% 21 Switch No

Mark Wallis 01/11/2019 ZAL buy No

Mark Wallis 01/11/2019 abi Short / Sell No

Mark Wallis 01/11/2019 brby Short / Sell No

Nicola Wallis 01/11/2019 rb Short / Sell No

Mark Wallis 01/11/2019 rb Short / Sell No

Mark Wallis 01/11/2019 carl buy No

Mark Wallis 01/11/2019 nestle Short / Sell No

Mark Wallis 01/11/2019 l'oreal buy No

Mark Wallis 01/11/2019 tod buy No

Mark Wallis 01/11/2019 estee lauder Neutral / Hold No

Allison Lobb 01/11/2019 red electrica, zalando buy No

Allison Lobb 01/11/2019 abi, enagas, naturgy Short / Sell No

Robin Kooyman 01/11/2019 ECA Short / Sell No

Darren Cohen 01/11/2019 switch heineken into carlsberg Switch No


BPCEGP € Switch

Sell € BPCEGP 1.625% 28

Buy € BPCEGP 0.5% 27

Switch No


sell 1h 26 vs neighbours

Switch No

Robin Kooyman 31/10/2019 CARLB buy No


BUY BNP on weakness

buy Yes

Allison Lobb 31/10/2019 RDS Short / Sell No

Robin Kooyman 31/10/2019 BBVA buy No

Tomas Melville 31/10/2019 positive BNP BNP FP buy No

Tomas Melville 31/10/2019 positive HNSA HNSA SS buy Yes

Tomas Melville 31/10/2019 negative Enagas ENG SM Short / Sell No

Tomas Melville 31/10/2019 positive Flutter FLTR LN buy No


NXTLN 3 08/26/25

TSCOLN 2 1/2 05/02/25 Switch No


Sell TSCOLN 2 1/2 05/02/25

Buy TSCOLN 6 12/14/29 Switch No


DLR

Positive No


Interxion

Positive No


SELL NEXT - Good run year to date, no upgrades not enough

Short / Sell No


SELL AIRBUS DOWN 2%

Short / Sell No

Robin Kooyman 30/10/2019 RWE buy No


Client sells IBESM 2⅝ '23

Client buys IBESM 3¼ '24 Switch No


Sell MDT 1.625 31

Buy MDT 1.5 39 Switch No

Natalia Lipecka 30/10/2019 AFM LN buy No

Natalia Lipecka 30/10/2019 HTG LN Short / Sell No

Natalia Lipecka 30/10/2019 SPI LN buy No

Natalia Lipecka 30/10/2019 CTEC buy No

Natalia Lipecka 30/10/2019 DPH LN buy No

Sam Malins 30/10/2019

BID: MDT 1 1/8 27

OFFER: DHR 0.45 28 Switch No

Allison Lobb 30/10/2019 huting, aena, renault Short / Sell No


Sell DAIGR 2 09/04/23

Buy BMW 1 1/4 07/11/22 Switch No

Paul Adams 30/10/2019 AMZN US buy No


Alasdair Monro 29/10/2019 sterv Short / Sell No

Natalia Lipecka 29/10/2019 GVC LN, FLTR LN, TSG US buy No

Natalia Lipecka 29/10/2019 HNSA LN buy No

Natalia Lipecka 29/10/2019 HTG LN Short / Sell No

Allison Lobb 29/10/2019 orstead, rwe, imperial buy No

Allison Lobb 29/10/2019 hansa buy No

Allison Lobb 29/10/2019 nordea, oerlikon Short / Sell No

Robin Kooyman 28/10/2019 XYL buy No


SELL HNDA 0 3/4 01/17/24

BUY HNDA 0.35 08/26/22 Switch No

Fiona Daly 28/10/2019 GVC LN buy No

Fiona Daly 28/10/2019 FLTR LN buy No

Fiona Daly 28/10/2019 TSG US buy No

Fiona Daly 28/10/2019 IMB LN Short / Sell No


Allison Lobb 28/10/2019 GVC, Flutter, LV buy No


Natalia Lipecka 28/10/2019 WMH LN Neutral / Hold No

Natalia Lipecka 28/10/2019 SDRY LN Short / Sell No


Sell {GB} INFLN 3 1/8 07/05/26

Buy {EU} INFLN 1 1/4 04/22/28 Switch No

Fiona Daly 25/10/2019 BHP LN buy No

Alasdair Monro 25/10/2019 abi Short / Sell No

Robin Kooyman 25/10/2019 BHP buy No


Bid : LHNVX 3 01/22/24

Offer: CKHH 1 ¼ 04/06/23 Switch No

Mark Wallis 25/10/2019 nestle buy No

Mark Wallis 25/10/2019 boss buy No

Mark Wallis 25/10/2019 fevertree Short / Sell No

Alasdair Monro 25/10/2019 carlb buy No

Alasdair Monro 25/10/2019 sgl Short / Sell No

Alasdair Monro 25/10/2019 eni Short / Sell No

Alasdair Monro 25/10/2019 imi buy No

Raffaele Prencipe 25/10/2019

Client sells $ BACR 7 3/4 PERP-23

buys £ AT1 BACR 6 3/8 PERP-25 Switch No

Raffaele Prencipe 25/10/2019

Client sells 5m UCGIM 4 3/8 01/03/27-22

buys 5m UCGIM 4 7/8 02/20/29-24 Switch No

Allison Lobb 25/10/2019 imi buy Yes

Allison Lobb 25/10/2019 weir, bnp, standard life buy No

Nils Wittenhagen 25/10/2019 SPOT US buy Yes


Buy belly 60/68/71

Switch No

Robin Kooyman 24/10/2019 RCI/B buy Yes

Robin Kooyman 24/10/2019 WFT OSB LPX buy No

Alasdair Monro 24/10/2019 edf buy No

Alasdair Monro 24/10/2019 nda Short / Sell No


Darren Cohen 24/10/2019 switch MDT 31's into TMO 31's at best terms Switch No

Fiona Daly 24/10/2019 BME LN Short / Sell No

Alasdair Monro 24/10/2019 wsu Short / Sell No

Allison Lobb 24/10/2019 metro bank, fever tree Short / Sell No

Thomas Iveson 23/10/2019 CO Short / Sell No


BUYER ANTO

buy No

Fiona Daly 23/10/2019 EXPN LN buy No

Robin Kooyman 23/10/2019 JUST buy No


Sell T 0.8 30

Buy T 3.55 32 Switch No

Fiona Daly 23/10/2019 WIZZ LN buy No


Sell VZ 1.5 09/39

Buy VZ 2.875 01/38 Switch No


Nils Wittenhagen 23/10/2019 DAI GY Short / Sell No

Robin Kooyman 23/10/2019 CNI Neutral / Hold No

Thomas Iveson 23/10/2019 QIA buy No


buy 37s vs wings

buy No

Tomas Melville 23/10/2019 negative WEIR WEIR LN Short / Sell No

Tomas Melville 23/10/2019 negative Quilter QLT LN Short / Sell No

Tomas Melville 23/10/2019 positive Puma PUM GY buy No

Tomas Melville 23/10/2019 positive Experian EXPN LN buy No


Bid: BFCM 0 7/8 06/08/20

Offer: BFCM 1 ⅜ 12/20/21 Switch No

Allison Lobb 23/10/2019 experian, deutsche post buy No


SELL CPIPGR 1.45 04/22

BUY CPIPGR 1.625 04/27 Switch No


UPC

Negative No

Robin Kooyman 22/10/2019 RAND buy No

Robin Kooyman 22/10/2019 ACI Neutral / Hold No




Sell INTNED 1.375% 28 in EUR and buy INTNED 3% 26 in GBP for pick in z-spread

Switch No


* SELL {US} MO 4.8 2/29

* BUY {EU} MO 3 1/8 06/15/31 Switch No


SELL HEIANA 1 05/04/26

SELL GIS 1 1/2 04/27/27

SELL ASABRE 1.151 09/19/25



SELL ABBV 1 1/4 11/18/31

BUY ABBV 0 3/4 11/18/27 Switch No


SELL KO 1.1 09/02/36

SELL KO 0 3/4 09/22/26


Mark Wallis 22/10/2019 tods buy No

Mark Wallis 22/10/2019 hmb buy No

Mark Wallis 22/10/2019 danone Short / Sell No

Mark Wallis 22/10/2019 abi buy No

Mark Wallis 22/10/2019 brby Short / Sell No


Paul Adams 22/10/2019 RB/ LN Equity buy No


Fiona Daly 21/10/2019 BN FP Short / Sell No

Natalia Lipecka 21/10/2019 PMO LN buy No

Natalia Lipecka 21/10/2019 PXT CN buy No

Natalia Lipecka 21/10/2019 LUPE SS buy No

Natalia Lipecka 21/10/2019 ASC LN buy No

Natalia Lipecka 21/10/2019 PAGE LN, HAS LN, G4S LN, SRP LN, TPK LN, CPI LN, MTO LN, RPS LN, DCC LN, HSV LN, SNN LN, RAND NA, ADEN SWbuy No

Robin Kooyman 21/10/2019 NA CN BMO CN buy No


SELL GM 2.2 04/01/24

BUY F 1.514 02/17/23 Switch No


SELL WNTRDE 1.823 09/25/31



SELL PEUGOT 1 1/8 09/18/29


Robin Kooyman 21/10/2019 BN FP Neutral / Hold No

Robin Kooyman 21/10/2019 ONEX CN EFN CN buy No



SELL

ACEIM 1.75 05/28

BUY



Tomas Melville 21/10/2019 positive OSB LN OSB LN buy No

Allison Lobb 21/10/2019 asos buy No

Allison Lobb 21/10/2019 burberry, oils, rentokil, danone Short / Sell No

Paul Adams 21/10/2019 PYPL US Equity buy No

Alasdair Monro 18/10/2019 ho buy No

stephen joseph 18/10/2019 saf Short / Sell No

Alasdair Monro 18/10/2019 rno buy No

stephen joseph 18/10/2019 ug Short / Sell No


Sell Danone after the call still

Short / Sell No


sell XS0866310088

buy XS1196380031

AT&T Switch No


SELL € GS 0 1/8 08/19/24

BUY £ GS 4 1/4 01/29/26 Switch No


Fiona Daly 18/10/2019 IBE SM Short / Sell No

Natalia Lipecka 18/10/2019 CSRT LN buy No

Robin Kooyman 18/10/2019 GILD buy No

Robin Kooyman 18/10/2019 WSP buy No

Allison Lobb 18/10/2019 Renault Short / Sell No


Allison Lobb 18/10/2019 iberdrola Short / Sell No


Sell gilts - 10y yield target 90bp (~20bp)

Short / Sell No

Nils Wittenhagen 18/10/2019 CSH-U CN buy No

Nils Wittenhagen 18/10/2019 RWE GY buy No


Buy HYDEH 3 05/09/52

Sell CLARHG 3 1/8 04/19/48

Switch No


BUY WHSMITH on weakness

buy No


Conf call not encouraging enough sell

Short / Sell No


RBC € LOGICR EXTENSION

SELL

LOGICR 1.625 07/27

BUY

LOGICR 3.25 11/28 Switch No

Robin Kooyman 17/10/2019 WSP buy No

Robin Kooyman 17/10/2019 MDLZ buy No

Tomas Melville 17/10/2019 positive Lloyds LLOY LN buy No

Tomas Melville 17/10/2019 positive RBS RBS LN buy No

Tomas Melville 17/10/2019 positive CYBG CYBG LN buy No

Allison Lobb 17/10/2019 faurecia Short / Sell No


Sell FISV 3 07/01/31

Buy FIS 3.36 05/21/31

Switch No

Natalia Lipecka 16/10/2019 ASC LN buy No

Natalia Lipecka 16/10/2019 HMSO LN Neutral / Hold No

Natalia Lipecka 16/10/2019 HTG LN buy No

Natalia Lipecka 16/10/2019 SFER IM Short / Sell No

Natalia Lipecka 16/10/2019 LI FP buy No

Natalia Lipecka 16/10/2019 URW NA Neutral / Hold No


Sell UBS $ AT1

USH4209UAT37 Short / Sell No


Fiona Daly 16/10/2019 LI FP buy No

Allison Lobb 16/10/2019 klepierre, national grid buy No

Tomas Melville 16/10/2019 positive Lloyds LLOY LN buy No

Tomas Melville 16/10/2019 positive OSB OSB LN buy No

Tomas Melville 16/10/2019 positive Klepierre LI FP buy No

Alasdair Monro 16/10/2019 erf Short / Sell No


SellINFLN 3 1/8 07/05/26

Buy INFLN 1 1/4 04/22/28

buy No

Natalia Lipecka 15/10/2019 AV/ LN buy No

Natalia Lipecka 15/10/2019 IAG LN buy No

Natalia Lipecka 15/10/2019 LLOY LN buy No

Natalia Lipecka 15/10/2019 RSA LN buy No

Robin Kooyman 15/10/2019 LUN buy No

Natalia Lipecka 15/10/2019 SVT LN buy No

Natalia Lipecka 15/10/2019 IMB LN Short / Sell No

Natalia Lipecka 15/10/2019 OSB LN buy No

Natalia Lipecka 15/10/2019 DNLM LN Neutral / Hold No

Natalia Lipecka 15/10/2019 HAS LN buy No

Robin Kooyman 15/10/2019 HMB buy No


Alasdair Monro 15/10/2019 cnhi buy No

Thomas Iveson 15/10/2019 wdi buy No


Alasdair Monro 15/10/2019 wac gy Short / Sell No

Alasdair Monro 15/10/2019 dlg buy No

Allison Lobb 15/10/2019 burberry Short / Sell No

Allison Lobb 15/10/2019 hennes buy No

Tomas Melville 15/10/2019 VSVS short VSVS LN Short / Sell No

Tomas Melville 15/10/2019 neg RHI RHI LN Short / Sell No

Tomas Melville 15/10/2019 neg Sandvik SAND SS Short / Sell No

Tomas Melville 15/10/2019 neg Royal Mail RMG LN Short / Sell No

Tomas Melville 15/10/2019 positive Lloyds LLOY buy No

Tomas Melville 15/10/2019 neg Wirecard WDI GR Short / Sell No

Tomas Melville 15/10/2019 positive HMB HMB SS buy No

Duncan Lake 15/10/2019

Long Cirsa '23s

Cirsa buy No

Duncan Lake 15/10/2019

Long IGT 26S

IGT buy No


Sells TELEFO 3¾ '22 105½/

Buys TELEFO 3 '23 /103¼

Switch No

Fiona Daly 14/10/2019 BRBY Short / Sell No


3t 21 rich / 1h 21 cheap

Switch No


WNTRDE (Baa2) â€“ Offers Value

WNTRDE 0.452 09/25/23 dbr+120/117 2x5 z+83/80

WNTRDE 0.84 09/25/25 dbr+155/153 x5 z+116/114

WNTRDE 1.332 09/25/28 dbr+185/183 x5 z+145/143

WNTRDE 1.823 09/25/31 dbr+215/213 3x3 z+165/163 buy No

Natalia Lipecka 14/10/2019 ENOG LN buy No

Natalia Lipecka 14/10/2019 MOLN SW buy No

Robin Kooyman 14/10/2019 RCI/B buy Yes

Robin Kooyman 14/10/2019 BCE Short / Sell Yes


Fiona Daly 14/10/2019 POLY LN buy No

Thomas Iveson 14/10/2019 BBVA Short / Sell No



Alasdair Monro 14/10/2019 pub fp buy No


Sell TSCOLN 2 1/2 05/02/25

Buy TSCOLN 6 12/14/29

Switch No

Robin Kooyman 11/10/2019 GILD buy No

Natalia Lipecka 11/10/2019 BOSS GR Neutral / Hold No

Natalia Lipecka 11/10/2019 JUST LN buy No

Natalia Lipecka 11/10/2019 AV/ LN buy No

Natalia Lipecka 11/10/2019 PHNX LN buy No

Natalia Lipecka 11/10/2019 LGEN LN buy No

Allison Lobb 11/10/2019 whitbread, hugo boss Short / Sell No

Allison Lobb 11/10/2019 anglo american buy No

Fiona Daly 11/10/2019 EQNR buy No

Thomas Iveson 10/10/2019 DUNELM Short / Sell No

Natalia Lipecka 10/10/2019 DNLM LN Short / Sell No

Natalia Lipecka 10/10/2019 WTB LN Short / Sell No


{QS} € Aaa/AAA Corporates switch

Offer: JNJ 1.15 11/20/28

Bid: MSFT 3 ⅛ 12/06/28 Switch No

Darren Cohen 10/10/2019 sell AMT 26's in euro, looks dear to US$ issues Short / Sell No

Allison Lobb 10/10/2019 whitbread Short / Sell No

Tomas Melville 10/10/2019 positive Dunelm DNLM LN buy No

Tomas Melville 10/10/2019 positive LVMH MC FP buy No

Tomas Melville 10/10/2019 negative Whitbread WTB LN Short / Sell No


sonia / libor tighteners across the curve

Spread Negative No

Fiona Daly 10/10/2019 WTB Short / Sell No


SELL ANNFND 3.184 07/12/29

BUY ANNFND 3.685 07/12/34 Switch No

Natalia Lipecka 09/10/2019 WHR LN buy No

Natalia Lipecka 09/10/2019 DG FP buy No

Natalia Lipecka 09/10/2019 FHZN SM buy No

Natalia Lipecka 09/10/2019 AENA SM Short / Sell No

Natalia Lipecka 09/10/2019 GET FP Short / Sell No

Natalia Lipecka 09/10/2019 AFM LN buy No

Natalia Lipecka 09/10/2019 TKWY NA buy No

Luke Tiller 09/10/2019 BBVASM 2024 Seniors buy No


SELL DAIGR 1 1/2 07/03/29 dbr+137/ z+81

BUY DAIGR 0 3/4 02/08/30 /dbr+138 z+94 Switch No


SELL PEUGOT 2 03/23/24 dbr+122/ z+84

BUY VOVCAB 2 1/8 04/02/24 /102.875 z+187 Switch No


SELL VW 1 1/8 04/04/24 dbr+136/ z+98

BUY VW 2 1/2 07/31/26 /dbr+171 z+130 Switch No


RBC € SEVFP REDUCTION TRADE

SELL - SEVFP 1.625 09/32

BUY - SEVFP 0.5 10/31

Switch No

Natalia Lipecka 09/10/2019 CLIN LN buy No


switch 1h 26 into 5 25

Switch No

Tomas Melville 09/10/2019 negative OSB OSB LN Short / Sell No

Tomas Melville 09/10/2019 positive PMO PMO LN buy No

Tomas Melville 09/10/2019 neg REP REP SM Short / Sell No

Tomas Melville 09/10/2019 positive AAL AAL LN buy No


buy AAL LN

Anglo American buy No


Sell MARSPE 4 3/4 06/12/25

Buy MARSPE 3 1/4 07/10/27

buy No


FDX EXTENSION

SELL

FDX 1 01/23 @B+99/ 102.57 z+62 0.14%

BUY

FDX 0.45 08/25 @/B+122 100.18 z+82 0.41%

==> Switch works 5x5mio Switch No

Robin Kooyman 08/10/2019 EDF, REN, EDP, E.ON, UU buy No

Alasdair Monro 08/10/2019 clnx Short / Sell No

Alasdair Monro 08/10/2019 ana Short / Sell No

Alasdair Monro 08/10/2019 vacn Short / Sell No

Natalia Lipecka 08/10/2019 OSB LN buy No

Natalia Lipecka 08/10/2019 WEIR LN buy No

Natalia Lipecka 08/10/2019 ROR LN buy No

Natalia Lipecka 08/10/2019 MRO LN buy No

Natalia Lipecka 08/10/2019 ATCOA SS buy No

Natalia Lipecka 08/10/2019 SU FP buy No

Natalia Lipecka 08/10/2019 MGAM LN Short / Sell No

Natalia Lipecka 08/10/2019 LR FP Short / Sell No

Natalia Lipecka 08/10/2019 SPX LN Short / Sell No

Natalia Lipecka 08/10/2019 CAML LN buy No


Alasdair Monro 08/10/2019 cbk Negative No

Darren Cohen 08/10/2019 switching Medtronic into Thermo Fisher 31's for good terms Switch No

Tomas Melville 08/10/2019 short VAT VACN SW Short / Sell No

Tomas Melville 08/10/2019 short Acciona ANA SM Short / Sell No

Tomas Melville 08/10/2019 positive E.ON EOAN GY buy No

Allison Lobb 08/10/2019 osb, easyjet, ren, eon, edf, edp, uu buy No

Thomas Iveson 08/10/2019 REPSOL Short / Sell No


switch 0t 23 into 2q 23

Switch No

Natalia Lipecka 07/10/2019 SMWH LN buy No



SELL VW 1 1/8 04/04/24


Allison Lobb 07/10/2019 lundin/equinor buy No


Alasdair Monro 07/10/2019 epia Short / Sell No

Alasdair Monro 07/10/2019 ree buy No

Allison Lobb 07/10/2019 bme buy No

Tomas Melville 07/10/2019 positive Drax DRX LN buy No

Tomas Melville 07/10/2019 positive WH Smith SMWH LN buy No

Tomas Melville 07/10/2019 positive Metro MTRO LN buy No

Fiona Daly 07/10/2019 SMWH LN buy No


Thomas Iveson 04/10/2019 COVESTRO Short / Sell No


SELL DAIGR 1 1/2 07/03/29



RBC € IGYGY into STATK ?

SELL

IGYGY 1.25 10/27

BUY

STATK 1.5 03/30 Switch No

Robin Kooyman 04/10/2019 FTT Short / Sell No

Robin Kooyman 04/10/2019 RPD Short / Sell No

Darren Cohen 04/10/2019 shorten in repsol perps for best ever terms Switch No

Tomas Melville 04/10/2019 negative Admiral ADM LN Short / Sell No

Tomas Melville 04/10/2019 positive Hansa Biopharma HNSA SS buy Yes

Tomas Melville 04/10/2019 positive H&M HMB SS buy No

Tomas Melville 04/10/2019 negative Repsol REP SM Short / Sell No

Tomas Melville 04/10/2019 positive WIZZ WIZZ LN buy No

Allison Lobb 04/10/2019 aena Short / Sell No

Alasdair Monro 04/10/2019 hsx Short / Sell No


Alasdair Monro 04/10/2019 rwe buy No

Tomas Melville 04/10/2019 postive Drax DRX LN buy No

Tomas Melville 04/10/2019 positive SSE SSE LN buy No

stephen joseph 04/10/2019 positive RWE RWE GR buy No

Alasdair Monro 03/10/2019 sgc buy No

Alasdair Monro 03/10/2019 ho Short / Sell No

Alasdair Monro 03/10/2019 hmb Short / Sell No



Allison Lobb 03/10/2019 stagecoach, cmc Neutral / Hold No

Allison Lobb 03/10/2019 hennes buy No

Darren Cohen 03/10/2019 switch snr ucgim into sub Switch No


Allison Lobb 03/10/2019 julius baer buy No


SELL SHAEFF 1 1/8 03/26/22

BUY EOFP 2 5/8 06/15/25 Switch No


Paul Adams 03/10/2019 HMB Dec 20 risk reversal buy No

Alasdair Monro 03/10/2019 aena Short / Sell No

Alasdair Monro 03/10/2019 ifx buy No

Natalia Lipecka 02/10/2019 ads buy No

Natalia Lipecka 02/10/2019 pum Short / Sell No

Natalia Lipecka 02/10/2019 ana sm buy No

Natalia Lipecka 02/10/2019 slr sm buy No

Natalia Lipecka 02/10/2019 hstg ln Short / Sell No

Allison Lobb 02/10/2019 hastings, hochschild Short / Sell No

Alasdair Monro 02/10/2019 Short / Sell adm No

Alasdair Monro 02/10/2019 afx buy No


SELL PEUGOT 1 1/8 09/18/29



SELL WNTRDE 0.452 09/25/23


Alasdair Monro 02/10/2019 mtro buy No

Thomas Iveson 02/10/2019 ISAT buy No

Alasdair Monro 02/10/2019 sika Short / Sell No

Alasdair Monro 01/10/2019 mas buy No

Thomas Iveson 01/10/2019 ASC buy No


Buy TENN 2.995 at 107.25

buy No

Natalia Lipecka 01/10/2019 mtro Short / Sell No

Natalia Lipecka 01/10/2019 just buy No

Robin Kooyman 01/10/2019 ATA buy Yes


Robin Kooyman 01/10/2019 MIC buy No

Natalia Lipecka 01/10/2019 asc buy No

Natalia Lipecka 01/10/2019 boo Short / Sell No

Robin Kooyman 01/10/2019 EQB HOM WJX buy No

Robin Kooyman 01/10/2019 ERE buy No

Alasdair Monro 01/10/2019 mks Short / Sell No

Alasdair Monro 01/10/2019 atl Short / Sell No


RBC € NHYNO/GLENCORE SWITCH

SELL

NHYNO 1.125 04/25

BUY

GLENLN 1.75 03/25 Switch No


Like this extension

Sell 5m WFC 2.125% 22

Buy 5m WFC 2% 25 Switch No

Daniel Hosegood 01/10/2019 NHYNO into Glencore Switch No

Thomas Iveson 01/10/2019 WHSMITH buy No

Robin Kooyman 01/10/2019 NVT Neutral / Hold No

Robin Kooyman 01/10/2019 CVE buy Yes


€ FISERV INTO FIS 27 SWITCH:

Sell FISV 1.125 27

Buy FIS 1.5 27 Switch No


{GB} Extend MAGAIR?

Bid: MAGAIR 4 1/8 04/02/24

Offer: MAGAIR 2 7/8 09/30/44 Switch No


abertis

Negative No

Alasdair Monro 01/10/2019 hnr1 Short / Sell No

Allison Lobb 01/10/2019 anglo american, luxury buy No

Allison Lobb 01/10/2019 deutsche post Neutral / Hold No

Allison Lobb 01/10/2019 ferguson Short / Sell No

Fiona Daly 01/10/2019 EZJ LN buy No

Alasdair Monro 30/09/2019 mel Short / Sell No

Natalia Lipecka 30/09/2019 hsv buy No

Natalia Lipecka 30/09/2019 just buy No

Natalia Lipecka 30/09/2019 bpost buy No

Natalia Lipecka 30/09/2019 3in buy No

Robin Kooyman 30/09/2019 TRL buy No


€ SENIOR SWITCHES:

1)ING INTNED - EXTEND OR REDUCE

BUY INTNED 0.1 09/03/25-24

SELL INTNED 0 3/4 03/09/22

*EXTEND 2.5y to the call,

BUY INTNED 0.1 09/03/25-24

SELL INTNED 1 3/8 01/11/28

2)BBVA NPS REDUCTION:

SELL BBVASM 1 3/8 05/14/25

BUY BBVASM 0 3/8 10/02/24

3)PREF FRONT END EXTENSIONS

SELL SOCGEN 0 3/4 11/25/20

SOCGEN 0 3/4 02/19/21

BUY SOCGEN 0 1/4 01/18/22

SOCGEN 0 05/27/22

SELL CS 1 1/8 09/15/20

BUY CS 1 3/8 01/31/22

Switch No


sell 1h 26 on rv vs 24s and 28s

ukt1.5 26 Switch No


buy 1t 37 on rv


Robin Kooyman 30/09/2019 BB buy No


UPC

Positive No

Alasdair Monro 30/09/2019 vpk Short / Sell No

Alasdair Monro 30/09/2019 g24 Short / Sell No

Robin Kooyman 30/09/2019 GIB/A Short / Sell No

Alasdair Monro 30/09/2019 ferg Short / Sell No


ENBW NC5.25 v TENN HYBRID

Switch No

Allison Lobb 30/09/2019 homeserve, hammerson,a viva, B&M, land securities, DCC, Domino's, Anglo American, Polymetal buy No

Tomas Melville 30/09/2019 positive Homeserve HSV LN buy No

Jaimin Shah 27/09/2019

{GB} COVEREDS: SANUK SONIA Extension

SellSANUK Float 09/20/21

BuySANUK Float 02/12/24 SANUK Switch No

Alasdair Monro 27/09/2019 pnn buy No

Alasdair Monro 27/09/2019 nda Short / Sell No

Alasdair Monro 27/09/2019 seba buy No

Robin Kooyman 27/09/2019 CVS WBA buy No


BUY € HSBC 0.2 09/04/21

SELL HSBC 0 5/8 12/03/20

OR HSBC 4 01/15/21 Switch No


€ SNR NPS SWITCH: ING INTNED EXTEND OR REDUCE

BUY INTNED 0.1 09/03/25-24

SELL INTNED 0 3/4 03/09/22

BUY INTNED 0.1 09/03/25-24

SELL INTNED 1 3/8 01/11/28 buy No

Darren Cohen 27/09/2019 looking for value in Caixa bank, switch snr into sub in euro Switch No

Alasdair Monro 27/09/2019 phia Short / Sell No

Alasdair Monro 27/09/2019 gsk buy No

Daniele Calabrese 27/09/2019 buy NG/ LN cheqpest US Utility with a catalyst buy 882 No

Allison Lobb 27/09/2019 DSV Short / Sell No

Allison Lobb 27/09/2019 easyjet buy No

Fiona Daly 27/09/2019 SMWH LN buy No

Alasdair Monro 26/09/2019 imb Short / Sell No

Alasdair Monro 26/09/2019 hen3 Short / Sell No

Alasdair Monro 26/09/2019 el Short / Sell No

Alasdair Monro 26/09/2019 abn buy No


underperform on Nestle

Nestle Short / Sell No

Darren Cohen 26/09/2019 switch seb 21/26 into abn 20/25 for best ever terms Switch No

Daniele Calabrese 26/09/2019 sla ln level where to take profit Neutral / Hold 282 No

Robin Kooyman 26/09/2019 BIP buy No

Robin Kooyman 26/09/2019 IMB buy No


Thomas Iveson 26/09/2019 NDX buy No

Thomas Iveson 26/09/2019 MO Short / Sell No

Allison Lobb 26/09/2019 essilor Short / Sell No

Allison Lobb 26/09/2019 dsv Short / Sell No

Darren Cohen 26/09/2019 client should sell AIG 23's, hugely expensive bonds Short / Sell No

Alasdair Monro 26/09/2019 ndx1 buy No

Romain Sellem 26/09/2019

Bearish / Neutral on Nestle through structured products

Negative No


Alasdair Monro 25/09/2019 nesn Short / Sell No

Alasdair Monro 25/09/2019 bn Short / Sell No

Darren Cohen 25/09/2019 shorten in Citi paper in stg, best terms this year Switch No

Darren Cohen 25/09/2019 good opportunity to buy unilever stg back at the wides buy No

Darren Cohen 25/09/2019 switch schlumberger into bp for best ever terms Switch No

Paul Adams 25/09/2019 NESN SW Mar20 Risk Reversal buy No

Tomas Melville 25/09/2019 neg VAT VACN SW Short / Sell No

Tomas Melville 25/09/2019 neg Atlas Copco ATCOA SS Short / Sell No

stephen joseph 25/09/2019 positive Osram OSR GR buy No

Tomas Melville 25/09/2019 positive Osram buy No

Alasdair Monro 25/09/2019 el Short / Sell No

Tomas Melville 25/09/2019 positive BAT BATS LN buy No

Tomas Melville 25/09/2019 neg Nestle NESN SW Short / Sell No

Tomas Melville 25/09/2019 positive VW VOW3 GR buy No

Alasdair Monro 25/09/2019 gsk Short / Sell No

Natalia Lipecka 25/09/2019 NESN SW Short / Sell No


SELL SLB 0 1/2 10/15/31 dbr+113/ z+64

BUY SLB 0 10/15/24 /dbr+84 z+48 Switch No


Canadian TLAC switch

BuyCM 0 3/8 05/03/24

SellTD 0 3/8 04/25/24

CM/TD Switch No

Thomas Iveson 25/09/2019 SGH Short / Sell No

Allison Lobb 25/09/2019 nestle Short / Sell No

Allison Lobb 25/09/2019 adidas, richemond, swatch, burberry, monler Short / Sell No

Allison Lobb 25/09/2019 volkswagen buy No

Allison Lobb 25/09/2019 gold, barrick, newmont, hoschild, polymetal buy No

Andrea Marcheggiano 25/09/2019 € GS 2 07/27/23 buy No


BUY € SOCGEN 0 1/4 01/18/22

SELL SOCGEN 0 3/4 11/25/20

OR SOCGEN 0 3/4 02/19/21 Switch No


€ INTNED ING NPS FXD/FRN ARB SWITCH:

SELL INTNED Float 09/20/23

BUY INTNED 0 3/4 03/09/22 Switch No

Daniel Hosegood 24/09/2019 ABIBB buy No

Darren Cohen 24/09/2019 switch ing t2 into kbc for good terms Switch No


SELL ASABRE 1.151 09/19/25

BUY PM 0 1/8 08/03/26 Switch No



Alasdair Monro 24/09/2019 ucg Short / Sell No


NWIDE 1 1/8 06/03/22

NWIDE 0 5/8 04/19/23

NWIDE 1 1/4 03/03/25

Swap: Sell 25s , Buy 23s Switch No


sells CPIPGR 4⅞ '25 104½

buys CPIPGR 4⅜ '23 102

Switch No


NWIDE

buy No


INTNED T2

Short / Sell No


SELL BAYNGR 1 1/2 06/26/26



SELL IAGLN 0 1/2 07/04/23

BUY IAGLN 1 1/2 07/04/27 Switch No


SELL LYB 1 7/8 03/02/22

BUY LYB 1 5/8 09/17/31 Switch No


SELL MCD 2 5/8 06/11/29

BUY MCD 0.9 06/15/26 Switch No


SELL HEIANA 1 1/2 10/03/29

BUY HEIANA 3 1/2 03/19/24 Switch No


ABIBB SHORTENER -> RELATIONSHIP AT TIGHTS. SELL 31, BUY 26s:

SELL ABIBB 1.65 03/28/31

BUY ABIBB 2.7 03/31/26 Switch No


Bullish view on Netflix through a RBC issued structured product

buy No


Bullish view on Fedex through a RBC issued structured product

buy No

Alasdair Monro 23/09/2019 dez Short / Sell No

Alasdair Monro 23/09/2019 ntr Short / Sell No

stephen joseph 23/09/2019 mos Short / Sell No

Alasdair Monro 23/09/2019 vow buy No

Tomas Melville 23/09/2019 negative Deutz DEZ GR Short / Sell No

Tomas Melville 23/09/2019 positive DART DTG LN buy No

stephen joseph 23/09/2019 negative K+S SDF GR Short / Sell No

Tomas Melville 23/09/2019 positive Volkswagen VOW3 GR buy No

Tomas Melville 23/09/2019 negative K+S SDF GR Short / Sell No

Tomas Melville 23/09/2019 positive WIZZ Air WIZZ LN buy No



ROLLS-ROYCE - NOW EXPECT RETURN TO SINGLE-DIGIT LEVEL OF AOGS ON TRENT 1000 TO BE

DELAYED UNTIL Q2 2020 -VE ( The Trent 1000 I think Accounts for about 11% of their commercial

fleet ) - - Note on the 6th August when they cautioned this could happen the stock went down to

725 in 2 sessions... I don't think this is going to be taken well -VE

Short / Sell No


Darren Cohen 20/09/2019 reduce in sterling Orsted for best terms in a year Switch No


take profit on 10s/20s SONIA ASW box

Switch No


1t37 cheap, add vs neighbours

buy No

Robin Kooyman 20/09/2019 FM buy No


€ SEVFP vs RTEFRA

SELL SEVFP 1.625 09/32

BUY RTEFRA 0 09/27 Switch No

Daniel Hosegood 20/09/2019 IFF Negative No


Tomas Melville 19/09/2019 negative Wartsila WRT1V FH Short / Sell No

Alasdair Monro 19/09/2019 tyres Short / Sell No

Alasdair Monro 19/09/2019 dnb buy No

Alasdair Monro 19/09/2019 novob buy No

stephen joseph 19/09/2019 aliv Short / Sell No

Nils Wittenhagen 19/09/2019 SMWH LN buy No


USDJPY 1y 25 delta strangle, spot ref 108.20, vol ref 7.20, strikes 100.75/110.78

Pay No

Alasdair Monro 18/09/2019 monc Short / Sell No


Darren Cohen 18/09/2019 switch belfius snp into t2 Switch No

Lucy Plant 18/09/2019 sell kingfisher Short / Sell No


€ VOD EXTENSION

SELL VOD 1.625 11/30

BUY VOD 2.875 11/37 Switch No

Tomas Melville 18/09/2019 positive KGF KGF LN buy No


sell belly 24s/26s/28 or 24s/26s/29s

Short / Sell No


sell belly 21s/23s/24s

Switch No

Mark Wallis 18/09/2019 kgf buy No

Darren Cohen 17/09/2019 switch long in UBS t1's Switch No

Alasdair Monro 17/09/2019 b4b Short / Sell No

Alasdair Monro 17/09/2019 zal Short / Sell No


Alasdair Monro 17/09/2019 has Short / Sell No


Client sells VOD 4.2 '28

Client buys TELEFO 5⅞ '24 Switch No

Darren Cohen 17/09/2019 switch short in TELEFO perps for best ever terms Switch No

Daniel Hosegood 17/09/2019 WLK buy No

Daniel Hosegood 17/09/2019 lyb buy No

Daniel Hosegood 17/09/2019 CE buy No

Daniel Hosegood 17/09/2019 GIVNVX Negative No

Daniel Hosegood 17/09/2019 Bayer buy No

Daniel Hosegood 17/09/2019 MO buy No

Nils Wittenhagen 17/09/2019 RTO LN buy Yes

Nils Wittenhagen 17/09/2019 AEM CN buy No

Fiona Daly 17/09/2019 ADS GY buy No

Fiona Daly 17/09/2019 GALP PL buy No




telefonica

Spread Negative No


Recent MIZUHO shortener

BuyMIZUHO 0.118 09/06/24

SellMIZUHO 0.402 09/06/29 MIZUHO Switch 1hr No


BID € DHR 2.5 July 25

OFFER € DHR 0.2 March 26 Danaher Switch No

Duncan Lake 16/09/2019 BORMPH € FRN 2024 Short / Sell No

Tomas Melville 16/09/2019 positive Premier Oil PMO LN buy No

Thomas Iveson 16/09/2019 positive Tullow TLW LN buy No


Fiona Daly 16/09/2019 BME LN buy No

Fiona Daly 16/09/2019 CINE LN buy No

Mark Wallis 13/09/2019 kering Short / Sell No

Tomas Melville 13/09/2019 sell Weir WEIR LN Short / Sell No

Tomas Melville 13/09/2019 sell Commerzbank CBK GR Short / Sell No

Tomas Melville 13/09/2019 sell ABN Amro ABN NA Short / Sell No


Switch looks good

Sell £ C 5.15% 26

Buy £ GS 4.25% 26 Switch No


OPCO FRONT END - CS SWITCH

CS 1 1/8 09/15/20

CS 1 3/8 01/31/22 Switch No

Darren Cohen 12/09/2019 AIB 20/25's in euro t2 look good value buy No

Thomas Iveson 12/09/2019 DBK Short / Sell No

Thomas Iveson 12/09/2019 CBK Short / Sell No


comcast

buy No


sells VW 5⅛ '23 112½

buys VW 2.7 '22 102⅞

Switch No


Client sells ARNDTN 3¾ '23 105¼

Client buys ARNDTN 5¼ '23 100½

Switch No


€ SEVFP *SHORTENER*

SELL

SEVFP 1.625 09/32

BUY

SEVFP 1.5 04/29 Switch No


FCAIM -> F 24s

Switch No

Henry Foote 11/09/2019 Sell 5y RPI Short / Sell 3.895 3.20 No


€ ENELIM vs SSE ?

SELL

ENELIM 1.125 09/26

BUY

SSELN 0.875 09/25

Switch No

Alasdair Monro 11/09/2019 bab ln Short / Sell No

Robin Kooyman 10/09/2019 ABC buy No


Darren Cohen 10/09/2019 switch mcdonalds into PM, highly recommend buying PM here Switch No

Darren Cohen 10/09/2019 Baxter in euros look too dear to US$ issues Short / Sell No

Thomas Iveson 10/09/2019 SWEDA Short / Sell No


SELL PEUGOT 1 1/8 09/18/29


Mark Wallis 10/09/2019 itx Short / Sell No

Alasdair Monro 09/09/2019 intu ln buy No

Alasdair Monro 09/09/2019 af fp Short / Sell No

Alasdair Monro 09/09/2019 abc ln buy No

Alasdair Monro 09/09/2019 abf ln Short / Sell No


teleperfoprmance

buy No


The week 4 TY 130.5/129.5 put spread is currently 15 (64ths) mid-market and expires on 27th Sep

Either EDU0/H1 or EDU0/M1 look appealing on this basis

buy 15, -9.5, -11.5 No


SELL INTNED 1 09/20/23

BUY RABOBK 0 3/4 08/29/23 Switch No

Alasdair Monro 06/09/2019 ntgy sm Short / Sell No

Nils Wittenhagen 06/09/2019 EQNR NO buy No

Nils Wittenhagen 06/09/2019 BAS GY buy Yes


NGGLN 4¼ STILL TOO EXPENSIVE

FV 100.35

Short / Sell No


SELL

ANNGR 2.75 03/38

BUY

ANNGR 1.125 09/34 Switch No

Darren Cohen 05/09/2019 switch sydney airport into airport de paris for best ever terms Switch No


MS REDUCTION:

SELL MS 1 7/8 04/27/27

BUY MS 1 7/8 03/30/23 Switch No


BAC FRN v FXD SWITCH

SELL BAC Float 02/07/22

BUY BAC 0.736 02/07/22 Switch No


Sell VOD 4.2 at 113.75

Buy TELEFO 3 at 103.50

Switch No

Darren Cohen 04/09/2019 switch MS 27's into MS 25/26's for best ever terms Switch No

Alasdair Monro 04/09/2019 lxs gy Short / Sell No

Alasdair Monro 04/09/2019 1cov gy Short / Sell No

Robin Kooyman 04/09/2019 Carlsberg buy No


SELL BATSLN 1 1/4 03/13/27

BUY BATSLN 2 1/4 01/16/30 Switch No


eircom

Neutral / Hold No


aroundtown

Spread Negative No


€ UPS into FDX SHORTENER?

SELL

UPS 1.5 11/32

BUY

FDX 0.45 08/25 Switch No

Alasdair Monro 03/09/2019 ferg ln Short / Sell No

Alasdair Monro 03/09/2019 uhr sw Short / Sell No


€ BAC Float 02/07/22

Switch into:

BAC Float 05/04/23

OR

BAC 0.736 02/07/22 Switch No

Alasdair Monro 03/09/2019 dban gy Short / Sell No


SELL: XS1888179550 (VOD 4.2 10/03/78)

BUY: XS2002018500 ( VOD 1 ⅝ 11/24/30)

Switch No

Nicholas Harrison 03/09/2019 NGGLN 4.25 € HYBRID Short / Sell No


SELL DAIGR 1 11/15/27



Sell DHR 1.7 22

Buy MDT 0% 22 Switch No

Darren Cohen 30/08/2019 switch hsbc 28 into hsbc 25/26 for best ever terms Switch No


SELL DAIGR 2 1/8 07/03/37




BUY DAIGR 0 3/8 11/08/26



SELL BMW 1 1/2 02/06/29

BUY BMW 0 5/8 10/06/23 Switch No


SENIOR SWITCH: SELL MS, BUY JPM

SELL MS 1 7/8 04/27/27

BUY JPM 1.09 03/11/27-26 Switch No


Buy L Z9 99.50/99.75cs Has a 20 delta and shows mid value of 4 ticksBuy L Z9

99.62/99.87cs 14 delta and mid of 2.5 ticksBuy L Z9 99.37/99.62/99.75 call fly This

asymmetric fly has a 15 delta and mid of 4 ticksBuy L H0 99.62/87cs 18 delta and mid of 4.5

ticksBuy L H0 99.99.50/99.62/99.87/100 call condor 7 delta and a mid of 3 ticksBuy L H0

99.99.62/99.75/99.87/100 call condor 6 delta and a mid of 2 ticksBuy L H0 99.75/99.87/100

call fly 3 delta and shows mid of 0.5 tick

buy As above No

Alasdair Monro 30/08/2019 smin ln buy No

Daniel Hosegood 30/08/2019 PM buy No

Daniel Hosegood 30/08/2019 MO buy No

Alasdair Monro 29/08/2019 tlw ln Short / Sell No

Alasdair Monro 28/08/2019 dph ln Short / Sell No

Alasdair Monro 28/08/2019 nzymb dc Short / Sell No

Alasdair Monro 28/08/2019 uhr sw Short / Sell No

Alasdair Monro 28/08/2019 ng/ ln Short / Sell No

Mark Wallis 27/08/2019 whsmith buy No

Mark Wallis 27/08/2019 altria Positive No

Tomas Melville 27/08/2019 positive BATS on Phillip Morris Altria deal BATS LN buy No

Darren Cohen 27/08/2019

switch ING 28's into ING 26's for flat z's

looks like a very flat curve Switch No

Alasdair Monro 27/08/2019 bnzl buy No

Alasdair Monro 27/08/2019 bats ln buy No

Alasdair Monro 27/08/2019 ezj ln buy No

Alasdair Monro 27/08/2019 smwh ln buy No

Alasdair Monro 27/08/2019 db1 gy Short / Sell No

Allison Lobb 27/08/2019 Aker, Lundin, DNO, Enquest, Soco, TransGlobe Energy, Parex, Amerisur, Gran Tierra, Hurricane, KosmosPositive No

Tomas Melville 23/08/2019 positive Air France AF FP buy No

Alasdair Monro 22/08/2019 ambub Short / Sell No

Alasdair Monro 22/08/2019 ambub Short / Sell No


INTNED € vs £ XCCY

Sell € INTNED 1.375% 28

Buy £ INTNED 3% 26 buy No


SWITCH: SELL BAC, BUY JPM, FLAT Z

Buy JPM 1.09 03/11/27

Sell BAC 0.808 05/09/26 Switch No

Tomas Melville 22/08/2019 positive BNZL BNZL LN buy No


Client sells TELEFO 3¾ '22

Client buys TELEFO 3 '23 Switch No

Aymeric Dano 22/08/2019 3Y USD Cross-Asset Best Profile Notes Best Profile Positive No

Allison Lobb 22/08/2019 Premier Oil buy No

Alasdair Monro 21/08/2019 light Short / Sell No

Nils Wittenhagen 21/08/2019 BAM/A CN buy No

Nils Wittenhagen 21/08/2019 DFDS DC buy No

Robin Kooyman 21/08/2019 EMA buy No

Alasdair Monro 21/08/2019 afl Short / Sell No

Alasdair Monro 20/08/2019 wg/ ln Short / Sell No


€ TMT: VOD 25/30 Extension at the wides...

Sell VOD 1.875 25

Buy VOD 1.625 30 Switch No



BUY DAIGR 0 3/8 11/08/26



SELL VW 0 1/2 06/20/22

SELL VW 1 1/8 04/04/24



SELL PPG 1.4 03/13/27

BUY WLK 1 5/8 07/17/29 Switch No


SELL KHC 2 1/4 05/25/28


Robin Kooyman 20/08/2019 WCN buy No

Robin Kooyman 20/08/2019 BNS buy No

Nils Wittenhagen 20/08/2019 NFLX buy Yes

Nils Wittenhagen 20/08/2019 SPOT buy Yes

Nils Wittenhagen 20/08/2019 ITX buy No

Alasdair Monro 20/08/2019 ucg im Short / Sell No

Alasdair Monro 20/08/2019 isp im Short / Sell No

Alasdair Monro 20/08/2019 rno fp Short / Sell No

Allison Lobb 20/08/2019 Wood Group Negative No

Allison Lobb 20/08/2019 Rentokil buy No

Alasdair Monro 19/08/2019 lupe ss Short / Sell No


Sell INTNED 1 09/20/23

Buy INTNED 1 1/8 02/14/25 Switch No

Alasdair Monro 19/08/2019 gebn sw buy No

Alasdair Monro 19/08/2019 pndora dc Short / Sell No

Alasdair Monro 19/08/2019 lukoil buy No

Allison Lobb 19/08/2019 HSBC Short / Sell No

Alasdair Monro 16/08/2019 ektab ss Short / Sell No

Alasdair Monro 16/08/2019 mowi Short / Sell No


long Total / short RD Shell pair

FP FP buy No


Total / RD Shell pair

RDSA Short / Sell No

Mark Wallis 16/08/2019 smwh buy No

Mark Wallis 16/08/2019 lvmh buy No

Mark Wallis 16/08/2019 ker buy No

Mark Wallis 16/08/2019 hmb buy No

Alasdair Monro 15/08/2019 rbrew dc Short / Sell No

Thomas Iveson 15/08/2019 HSBA Short / Sell No


Carlsberg long

Carlsberg buy No

Alasdair Monro 14/08/2019 schp sw Short / Sell No

Thomas Iveson 14/08/2019 SCHINDLER Short / Sell No


€ AALLN into GLENLN ?

SELL

AALLN 1.625 09/25

BUY

GLENLN 1.75 03/25 Switch No


SELL ISPIM 1 1/8 03/04/22

BUY ISPIM 1 3/4 03/20/28 Switch No


Sell € JPM 0 5/8 01/25/24

Buy € JPM 1.09 03/11/27 Switch No


COVBS £ extension?

Sell 10m £ COVBS 1% 20

Buy 10m £ COVBS 1.875% Switch No


RABOBK into BRK Switch

Sell RABOBK 5.375% 60

Buy BRK 2.625% 59 Switch No

Alasdair Monro 14/08/2019 adm ln Short / Sell No

Alasdair Monro 14/08/2019 szu gy buy No

Daniel Hosegood 14/08/2019 AALLN into GLENLN Switch No

Daniel Hosegood 14/08/2019 AAL into GLEN Switch No

Alasdair Monro 13/08/2019 get fp Short / Sell No


Client sells CCK 2¼ 23-22 105½

Client buys CCK 3⅜ 25-24 111¼

Switch No

Nils Wittenhagen 13/08/2019 GET FP Short / Sell No

Alasdair Monro 13/08/2019 dfds dc Short / Sell No

Alasdair Monro 13/08/2019 bnr gy buy No

Lucy Plant 13/08/2019 buy brentagg buy No

Thomas Iveson 13/08/2019 buy BRENNTAG No


Client sells VOD 3.1 '23 104

Client buys TELEFO 3 '23 102¾

Switch No

Tomas Melville 13/08/2019 positive Centrica CNA LN buy No

Tomas Melville 13/08/2019 positive Brenntag BREN GR buy No

Alasdair Monro 12/08/2019 cna ln Short / Sell No


SELL

GE 1.875 05/27

BUY

GE 2.125 05/37 Switch No

Thomas Iveson 12/08/2019 ACS Short / Sell No

Thomas Iveson 12/08/2019 CASH SM Short / Sell No

Thomas Iveson 12/08/2019 CODERE Short / Sell No

Alasdair Monro 12/08/2019 acs sm Short / Sell No

Alasdair Monro 12/08/2019 stan ln Short / Sell No

Alasdair Monro 12/08/2019 hsba ln Short / Sell No

Nils Wittenhagen 12/08/2019 AIG buy No

Nils Wittenhagen 12/08/2019 ITX buy No

Alasdair Monro 12/08/2019 out1v buy No

Daniel Hosegood 12/08/2019 KHC into PVH Switch No


€ AROUNDTOWN 25/26 EXTENSION...

Sell ARNDTN 0.625 07/25

Buy ARNDTN 2% 11/26 Switch No


BAC vs GS £ Switch

Sell 10m BAC 7% 28

Buy 10m GS 7.125% Switch No


SELL CFRVX 1 1/2 03/26/30 dbr+89/ z+31

BUY CFRVX 1 03/26/26 /dbr+71 z+26

Switch No


SELL KHC 2 1/4 05/25/28 dbr+231/ z+173

BUY PVH 3 1/8 12/15/27 /dbr+220 z+173 Switch No


SELL VW 0 1/2 06/20/22 dbr+95/ z+54

BUY VW 1 1/2 06/19/26 /dbr+161 z+114 Switch No

Alasdair Monro 09/08/2019 bayn gy buy No

Lucy Plant 08/08/2019 BUY ADIDDAS buy No

Alasdair Monro 08/08/2019 raa gy Short / Sell No


SELL VW 0 1/2 06/20/22


Alasdair Monro 08/08/2019 nzymb dc Short / Sell No

Alasdair Monro 08/08/2019 rbrew dc buy No

Alasdair Monro 08/08/2019 nmc ln buy No

Nils Wittenhagen 08/08/2019 ADEN buy No

Rachael Coomber 08/08/2019

Sell FISV 2.25%

Buy FISV 3% 31 Switch No


Sell SGROLN 2.375% 29

Buy ULFP 2.625% 29 Switch No


Sell SGROLN 2.375 29



Sell ULFP 2.125% 25


Alasdair Monro 08/08/2019 bdev ln Negative No

Robin Kooyman 08/08/2019 KEY buy No

Robin Kooyman 08/08/2019 MFC buy Yes

Tarek, Abi Aad 08/08/2019

RBC Global Top 30 Index: good performance since start of the year.

buy N/A No

Alasdair Monro 08/08/2019 ads gy Short / Sell No

Alasdair Monro 08/08/2019 abi bb Short / Sell No

Alasdair Monro 08/08/2019 danske dc Short / Sell No

Tomas Melville 08/08/2019 negative ABN ABN NA Short / Sell No

Tomas Melville 08/08/2019 Positive Cineworld CINE LN buy No

recommendation author recommendation date … · chiara crognoletti 30/06/2020 ond repackaging of...

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