Yes. I have bought TAS at 17.5c and sold EDE at 21c which is just over 1.2 TAS to 1 EDE. Not what I aimed to do but decided to trade in a "disturbed" market. TAS has been gaining on EDE for the last week, (refer rorters posts). Yesterday was more a trade in both than a trade one for the other. Trading this way means no cash outlay and no risk of being caught out if an announcement "happens", as it could at any time. I could (will reverse those trades today if a suitable profitable opportunity arises.
Longer term I still have the trading range between 1.2 and 1.3 when the uncertainty in what is happening dissipates.
Ann: Appendix 3B, page-22
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