Enron Mail

From:stinson.gibner@enron.com
To:ted.murphy@enron.com
Subject:WTI - New EOL Product
Cc:rick.buy@enron.com, vince.kaminski@enron.com, rudi.zipter@enron.com,david.port@enron.com
Bcc:rick.buy@enron.com, vince.kaminski@enron.com, rudi.zipter@enron.com,david.port@enron.com
Date:Thu, 28 Dec 2000 03:42:00 -0800 (PST)

Ted,

Enclosed is a corrected version of the historical simulation of WTI
trading. The earlier results were double counting the spread profit on
trades closed intra-day. The spread was counted on each trade rather than
per round-trip transaction, so the new results show lower profitability.

--Stinson