Subject: WTI - New EOL Product
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked], [email-masked]
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