EFTA01368967

The reality is that most of that went away when we closed all of the IB trading relationships. And it isn't really possible to do anything credit bearing OTC without the markets accounts and ISDA. From: Richard Kahn Sent: Wednesday, April 26, 2017 5:07 PM To: Stewart Oldfield Cc: Vahe Stepanian Subject: Re: trading capabilities mr epstein has been asking and would like to give him feedback this week on trading capabilities regarding next week - wednesday is ok to come by thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 On A r 26 2017 at 4:53 PM, Stewart Oldfield wrote: Generally we are talking about purchase of fx options I think. Let's add this to the discussion agenda for next week. See you soon From: Richard Kahn Sent: Tuesday, April 25, 2017 5:49 PM To: Vahe Stepanian Cc: Stewart Oldfield Subject: Re: trading capabilities we are potentially looking to increase derivatives trading and would like to better understand what long form confirmation will allow us to do please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY I0022 Mi CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0060988 CONFIDENTIAL SDNY_GM_00207172 EFTA01368967