first i heard about this.

 -----Original Message-----
From: 	Hayden, Frank  
Sent:	Tuesday, May 01, 2001 10:53 AM
To:	Lavorato, John
Subject:	

John,
I heard that the traders are required to put together supporting documentation for large trades, outlining fundamentals and market assumptions.  Is this true? And if possible, any chance I could review the files?  I'm thinking we/RAC can add value by perhaps "balancing" out analysis and maybe even suggest a way to optimize the process by periodically backtesting analytical assumptions.  (e.g. Are we making money because are analysis was correct, or are there "new" features driving the market.) 


Frank