sage From: Nav Gupta Sent: 06/05/2014 07:08 PM GDT To: [email protected] cc: vinit sahni; Paul Morris; Tazia smith; vahe stepanian Subject: Jeffrey - EURUSD Puts vs calls - Nay Jeffrey, EURUSD spiked post ECB. Shorts who expected spot to go lower but don't want the risk into tomorrows payrolls are get

ficial trade To: "Vahe Stepanian" Cc: "Tazia Smith" < , "Paul Morris" "Vinit Sahni" <[email protected] Date: 06/05/2014 02:32 PM Subject: Fw: Jeffrey - EURUSD Puts vs calls - Nav classification: External communication Vahe can you look after any execution that comes in from Jeffrey. I priced the options

sage From: Nav Gupta sent: 06/05/2014 07:08 PM GDT To: [email protected] Cc: vinit sahni; Paul Morris; Tazia smith; vahe stepanian subject: Jeffrey - EURUSD Puts vs calls - Nav Jeffrey, EURUSD spiked post ECB. shorts who expected spot to go lower but don't want the risk into tomorrows payrolls are get

b/dbcom@DBEMEA To: "vahe stepanian" cc: "Tazia smith" < "Paul Morris" "vinit sahni" <[email protected]> Date: 06/05/2014 02:32 PM Subject: Fw: Jeffrey - EURUSD Puts VS Calls - Nav CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123939 CONFIDENTIAL SDNY_GM_00270123 EFTA01461733

sage From: Nav Gupta Sent: 06/05/2014 07:08 PM GDT To: jeevacation0gmail.com Cc: Vinit sahni; Paul Morris; Tazia Smith; Vahe stepanian Subject: Jeffrey - EURUSD Puts vs Calls - Nav Jeffrey, EURUSD spiked post ECB. Shorts who expected spot to go lower but don't want the risk into tomorrows payrolls are get