rinker was a totally different trade.that deal was denominated...

rinker was a totally different trade.

that deal was denominated in US dollars, but they did retail a favour by saying that up to a certain limit (might have been $50,000) they would pay at a minimum exchange rate.

The market price was largely set by instos - and was referrable to the USD price.

But retail was getting a better deal due to the fixed price offer.

So you could scalp some money as a retail punter buying on market and accepting into the offer.