How to Attract Offsetting Clients

Sasha: The idea is basically the same it's about risk management so let's look at our favorite examples, you're a USD GPP is the end euro GVP. And then the market maker would certainly want to skew GPP USD prices but he will also skew your GPP because it contains a GPP lag. So as the correlation goes down the spread tends to widen. A trade in euroUSD will actually not reduce GPP USD position, but it will essentially create a cross position euro GPP which is less risky and thus less costly. But I'm more like an old merchant, so to say, of the 16th or 17th century when I think about these things