BMD- Recap

-BMD trading volumes down 22% so far this year vs. Jan-Feb08.

-While FCPO volumes still at last year’s record high level, actually +2% y-o-y, FKLI trading slumps 44% y-o-y., near 2006 pace, as the exodus of foreign participation continues, albeit at a slower pace in Feb09.

-Tracking roll-over activities, foreign activities is seen minus 10% every month since Aug08 till Jan09. In Feb09, it registers a -2% m-t-m drop. Roll in Feb09 dips 46% y-o-y.

-Historical volatility now stands at 40%/FCPO and 20%/FKLI, both down about 50% from their peak late last year. Boring days ahead!