FOREIGN EXCHANGE PROJECT MARKET TRADING REPORT - National Australia Bank

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AFF3301 Money Market Operation / Thursday Class

08

Fall

FX MARKET TRADING REPORT

National Australia Bank


             AFF3301 Money Market Operations

FX MARKET TRADING REPORT

Semester 2/2011

Name of Bank:  NAB

Day of Class:  Thursday

Date: 25/08/11

Key Performance Indicator

Reasons for Variance

*This section will be discussed in more detail in the following page.

Individual Student Contribution

Table of Contents

1. Pre-Trading Situation/Analysis……………………………………………………………………….…….5

            1.1 Individual student job assignment and job description ………….………….…….5

     1.2 Market view…….........……………………………………………………...….….5

     1.3 Strategies for the dealing session and the reasons behind it ………………..…......6

     1.4 Expected news events and their likely significance ……………………………....7

     1.5 Projected Turnover and Profit……………………………….................………….7

     1.6 Conclusion…………………………………………………………………………8

2. Post Trading Situation/Analysis…………………………………………………………….8

        2.1 Key Performance Indicator…………….…………….……………………...…….8

                2.1.1 Profit and profit margin……….…………….…………………..……….8

                2.1.2 Turnover….…………….…………….….…………….………..……….9

                        2.1.3 Transaction Proportion…………………………………………..……..10

                2.1.4 Quantity of unmatched transaction….…………….……………..……..11

                2.1.5 Time taken to amend unmatched transaction. ….………………..…….11

                2.1.6 Time taken to record transaction….…………….………………..…….11

                2.1.7 Time taken to interpret news….…………….……………………..…...11

                2.1.8 Closing position….…………….………………………………..……...11

        2.2 Relevant News and Significance….…………….…………………………...…...11

        2.3 What we did right during the trading session….…………….……………...……15

        2.4 What we did wrong during the trading session & remedial action….……...……16

        2.5 What our strategies should have been….…………….…………………...….…..16

        2.6 What should have we done during the trading session….……………………….17

        2.7 Best bank to deal with….…………….…………….….…………………………17

     2.8 Worst bank to deal with….…………….…………….….………………...…..…17

     2.9 Where we think we rank against other banks in term of profit……………..……17

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3. Discussion….…………….…………….….…………….…………………………….…..17

TRADING SESSION (FOREIGN EXCHANGE dated 25 / 08 / 2011).

Part 1: Pre-Trading Situation/Analysis

1.1 Individual student job assignment and job description

1.2 Market View:

Considering the positive US economy progress of the poor economic performance in Australia, we forecast the AUD to depreciate. Based on this information, we would take advantage by selling big sum of AUD to the corporate prior to the trading session and buy back when the price is low.

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