4996.2001-10-19.farmer.ham.txt 902 B

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  1. Subject: enrononline - change to autohedge
  2. effective monday , october 22 , 2001 the following changes will be made to the autohedge functionality on enrononline .
  3. the volume on the hedge will now respect the minimum volume and volume increment settings on the parent product . see rules below :
  4. ? if the transaction volume on the child is less than half of the parent ' s minimum volume no hedge will occur .
  5. ? if the transaction volume on the child is more than half the parent ' s minimum volume but less than half the volume increment on the parent , the hedge will volume will be the parent ' s minimum volume .
  6. ? for all other volumes , the same rounding rules will apply based on the volume increment on the parent product .
  7. please see example below :
  8. parent ' s settings :
  9. minimum : 5000
  10. increment : 1000
  11. volume on autohedge transaction volume hedged
  12. 1 - 2499 0
  13. 2500 - 5499 5000
  14. 5500 - 6499 6000