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Enron Mail |
Average volume is 35,000-40,000 on nymex of which about half is spreads. So
around 20,000 outrights trade. We trade more than that on EOL. Today's conditions 1000 lot market would be 3-4 cents wide. have executed trades as large as 10,000 across a longer term and 1000 lot clips in the front frequently. Caroline Abramo@ENRON 04/12/2001 06:48 AM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Subject: SUNRISE CAPITAL John/ Mike- could you give me a sense of the below on nat gas.. thanks, ca ---------------------- Forwarded by Caroline Abramo/Corp/Enron on 04/12/2001 07:46 AM --------------------------- Caroline Abramo 04/11/2001 12:22 PM To: Russell Dyk/Corp/Enron@ENRON, Robyn Zivic/NA/Enron@Enron, Mog Heu/NA/Enron@Enron, Stephen Plauche/Corp/Enron cc: Per Sekse/NY/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT Subject: SUNRISE CAPITAL This is a program trader in San Diego with about 1 Billion in Capital. They concentrate on front month trading- both swaps and options. they are looking for liquidity and want to know: 1. size of the financial markets- what is the daily trading volume like? 2. bid/offer on size.. like 10,000 to start and then 5,000..1,000 - only for the front month on swaps and options? 3. what kind of size we have seen go through directly from anyone? They want to know this for nat gas: I can talk to John and Mike on this Rus- can you please get this on WTI, heat, and unleaded. I want to try to get this to them today... we'll be getting a lot of these inquiries. Also, they trade through Carr futures, Merrill, Morgan Stanley, and JPM/Chase.. What they want to do is trade with us and then we'll give-up the trades to the above counterparties.. in effect, we will not have any credit exposure..I can explain this in our meeting. Thanks, CA
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