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Enron Mail |
Congrats to all. Jeff and I believe that EOL is a vital part of growing our
businesses and your focus is appreciated. mike To: John Massey/HOU/ECT@ECT cc: Kevin McGowan/Corp/Enron@ENRON, Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT Subject: Re: EOL Trades - August Nice job, John. Keep the volumes and information flows growing - $$$ will follow. George John Massey 09/01/2000 01:50 PM To: Kevin McGowan, George McClellan cc: Subject: EOL Trades - August August EOL EmissionsTrades exceeded projections and posted another record trade month. We continue to show signs of strong trade growth and gaining market share. I am hopeful that Arizona Public Service & Conectiv will use the system more heavily in the future (hedge option trades) and that we can obtain at least one new counterparty a month vis-.-vis EOL marketing/and or our own internal marketing. Our gain in market share has not gone unchallenged. Bloombergs Powermatch system has been more active in the last month and bid/ask spreads continue to narrow. To combat this we continue to show (90% of the time) the tightest markets and obviously offer a cost advantage over the Broker market & Bloomberg. The increase in EOL volume has increased liquidity in the whole market. I am hopeful that overall market volumes continue to grow as we get closer to compliance. Number of Trades: 77 Number of Allowances: 192,500 Approx. Notional Trade Value: $28,875,000
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