uesday and assuming longs and shorts are accumulated (or squared) at the average price over the course of the week. Figure 1: Absolute = ($mil) of Profit-Seekers and Liquidity-Seekers Using G5 IMM Data (1993-2013) 18 - E 12" 4,, o. 8 - O 0 4 -12 - USD mm (1993-2013. except euro 1999-2013) oNon-Commer

ated (or squared) at the average puce over the course of the week Page 14 . . . . - . . . . - . . . . - . . . . - Figure 1: Absolute P&L (Smil) of Profit-Seekers and Liquidity-Seekers Using G5 IMM Data (1993-2013) 19 USD mm (19912013 except euro 1999-2013) allon-Cornmercial/Profrt-seekers ,c, 12 ca cr-