Message-ID: <29468861.1075855599294.JavaMail.evans@thyme> Date: Sun, 8 Oct 2000 14:16:00 -0700 (PDT) From: mike.grigsby@enron.com To: mike.grigsby@enron.com Subject: Physical Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mike Grigsby X-To: Mike Grigsby X-cc: X-bcc: X-Folder: \Michael_Grigsby_Jun2001\Notes Folders\Discussion threads X-Origin: Grigsby-M X-FileName: mgrigsb.nsf ---------------------- Forwarded by Mike Grigsby/HOU/ECT on 10/08/2000 09:09 PM --------------------------- Mike Grigsby 10/08/2000 09:15 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Physical Let's begin rolling out the cash products at 7:15 am. We should also get back to the cash strategy of the desk each morning. Let's start testing the market, find the support and resistance each day. It would be nice to have EOL change the stack manager so that we can switch a product from manage market depth to last trade is mid with the click of a button, and not go through the product properties. I'll call them tomorrow. Let's also decide on a time to close the products each morning. We want to send the message of reliability, but also allow our Ops group to balance and nom. I want to begin trading the next day cash by 11:01 am every day. This would stay active until 4:00. The push is for PHYSICAL. Our edge over the market will be phys. From risk to the ability to nominate and invoice, the other platforms will never see it coming. What are the chances that ICE and espeed will deal with el paso flows? If information is the reason for EOL, then this will provide it. It all seems so simple - Fixed priced physical, just when you thought it was old economy. The reliable indices to big position trading to EOL market share, all benefit under the new mantra. Mike