EOL Pricing Algorithm Update

Hi

I've attached a couple of files summarizing our progress and current status on modeling the bid-ask spread. The first summarizes characterization of the EOL Crude data and the second describes a bid-ask spread model based on options theory developed by Zimin (The figure from the paper is included separately). I am now setting up an Excel spreadsheet to test this model with the EOL data.

Let me know when you would like to meet to review this.

Thanks, Bob Lee

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