From: "Barrett, Paul S" To: Jeffrey Epstein <[email protected]> Subject: Date: Thu, 24 May 2012 14:48:53 +0000 Do you want to do any EURCHF? Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022

a so true until it's so, so not. Some dumb fake math: FXCM's clients are out $225 million of negative equity on these trades. Pretend they were all EURCHF spot trades, so the clients all lost about 19 percent yesterday. And pretend they'd all posted 2 percent margin on their Swiss franc trades, so the

n addition to the trades reflected in the attached spreadsheet, Paul executed two FX forwards last week for an additional $2k of revenue (USDARS and EURCHF). Let us know if you have any questions. Regards, Davide Davide Sferrazza Analyst I Key Client Partners Deutsche Bank Securities, Inc. Deutsch

2.5% so zero corr offer of 12.55% Theme 3: Buy a 20Dec USDJPY 115 Dig Call with USDCNH 6.70 KO for 9.25% Spot 112.20 / 6.6050 Theme 4: Buy a 15Dec EURCHF 1.5% OTMS Call EURSEK 1.5% OTMS Put Dual for 7.9% Vanilla Digis offered at 33.5% and 32% so zero corr offer of 10.7% Macro Summary: 1. Politics d

n addition to the trades reflected in the attached spreadsheet, Paul executed two FX forwards last week for an additional $2k of revenue (USDARS and EURCHF). Let us know if you have any questions. Regards, Davide 6 Davide Sferrazza Analyst I Key Client Partners Deutsche Bank Securities, Inc. Deut

ent 3.5% higher and option pricing gets very bid with 1-month =mplied vol moved from 4.5 to 7.5 in short order and risk reversals =lipping to favor EURCHF calls for the first time since =014. The liquidity in CHF options has =een extremely limited in recent years as market makers have less =apability t

From: Barrett, Paul S Sent: Thursday, May 24, 2012 2:49 PM To: Jeffrey Epstein Do you want =o do any EURCHF? &nb=p; Paul Barrett, CFA Managing Director =OA Global Investment Opportunities Group JPMorgan Private Bank =OA =OA =his email is confidenti

From: Paul Barrett Sent: Thursday, October 26, 2017 2:24 AM To: Jeffrey E. Subject: A few things: 1. Relentless buying of EURCHF and EURGBP keeps EURUSD bid above 1.1750.=l am inclined to take off of EUR puts if we don't get some weakness =n the next week. Long EURCHF outright

rrett Subject: Re: A few things: 1 yes, 3 yes On Wed, Oct 25, 2017 at 10:24 PM, Paul Barrett =span dir="ltr"> > wrote: 1. Relentless buying of EURCHF and EURGBP keeps EURUSD bid above 1.1750. l=am inclined to take off of EUR puts if we don't get some weakness =n the next week. Long EURCHF outright

Jeffrey ([email protected]) Cc: Giuffrida, David Subject: EURCHF With eurozone pressures mounting, it's not a bad =dea to have some sort of EURCHF downside trade on in case there is a marke= run on the peg. Also ti=ely because: -Currently spot is very cl=se to the floor Paul Barrett, CFA</=>