Re: Enron Trading Services Study ,
 Alan, our goal is for Enron Trading Services to clear Enron's futures and 
leverage broker/order routing service through EOL.

The first step is to pull together an internal study via David Dupre and 
Sarah Wesner Soong in Houston to define tangibles/financial return. Sarah 
voiced concern with providing this information without legal authorization. 
Please consider the issue and advise

Regards
Craig Young

Study should include:

List of exchanges traded 
List of clearing firms and fee/brokerage structure
Finance packages offered by the firm
High/Low/Average open margin 
Total commission per quarter
Firm relationships/special services
Daily volume of exchange traded contracts x units x value

Heading Examples for Clearig Firms:

Exchange/Commodity
Clearing Fee
Exchange Fee
NFA Fee
EFP Fee
Pit Brokerage
Clearing Fee
Delivery Fee
Option exercise/assignment Fee
Access or Globex Fee
Give-up Fee
Half Turn Commissions
Credit
Special services

From this study Enron can define:

Amount of regulated capital- proprietary/customer
Exchange memberships requirements
Order routing and systems
Value information provided through order flow/open positions
Ability/Cost to provide service on EOL
Added dollar velocity through EOL
Regulation issues or concerns
Risk assessment -- real time mark to market
Centralise cash management and efficiencies
Reduced overall margin
Credit cost/opportunity
Human resources




From: Alan Aronowitz on 10/03/2000 04:35 PM
To: craig.young@enron.com
cc:  
Subject: Your call

Got your voice mail. I'm in meetings right now. Could you call me tomorrow 
morning so we can discuss what you would like for us to do?

Alan
alan.aronowitz@enron.com, david.dupre@enron.com, sarah.wesner@enron.com, 