EFTA Document EFTA01457801

From: Paul Morris Sent: 7/1/2015 3:52:39 PM To: 'Jeffrey E.' ueevacation@gmail.com) Subject: RE: EURUSD Risk Reversal Pricing [C] Ok ---Original Message---From: Jeffrey E. [jeevacation©gmail.com] Sent: Wednesday, July 01, 2015 03:51 PM Eastern Standard Time To: Paul Morris Subject: Re: EURUSD Risk Reversal Pricing [C] on plane with people talk tomor morning On Wed, Jul 1, 2015 at 9:50 PM, Paul Morris < > wrote: Jeffrey Daniel and Vahe are on the desk if you have a few minutes now? Thx ---Original Message----From: Daniel Sabba Sent: Wednesday, July 01, 2015 03:44 PM Eastern Standard Time To: jeffrey E.; Vahe Stepanian Cc: Mane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: RE: EURUSD Risk Reversal Pricing [C] Classification: Confidential all Jeffrey— we understand you are travelling — can we please have a call to discuss this issue? Thanks, Daniel j + From: Jeffrey E. [malltoleevacationagmail.com] Sent: Wednesday, July 01, 2015 11:38 AM To: Vahe Stepanian Cc: Daniel Sabba; Mane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Re: EURUSD Risk Reversal Pricing [C] please check your prices I have gone to three other banks and yours is the only one with a 141 price on the 104 puts, not one other house has that wide a spread. NOT ONE-- all other show the same bid On Wed, Jul 1, 2015 at 3:53 PM, Vahe Stepanian < > wrote: Classification: Confidential Jeffrey - we priced vanilla risk reversals with 1.04 and 1.05 strikes on the put leg. We provided levels as a spread, and with bid/asks on each leg per your request. Note that if executed as a spread, you would only cross bid/ask once and pay mid premium on the put leg. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0117485 CONFIDENTIAL SONY GM_00283889 EFTA01457801