CFTC Ex. 66

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 1 of 10 PageID #:1493
Message 

From: 

Sent: 

To: 

Subject: 

Attachments: 

Jim Donelson Udonelson@long(eaftrading.comj 

5/24/20189:42:33 AM 

Scott Gecas (sgecas@longleaftrading.coml; Andrew Nelson [anelson@longleaftrading.com); Connor Campo 

[cca m po@longleaftrading.comJ; James Ha tzigiann i s [j hatzigia nn i s@longleaftrading.com] 

Trade Recommendations and Customer Analysis 

May 24 2018 Customer Analysis.xlsx; May 242018 Recommendation - 10 contracts.pdf; May 24 2018 

Recommendation - 5 contracts.pdf; May 24 2018 Recommendation - 3 contracts. pdf; May 242018 Recommendation 

- 2 contracts. pdf; May 24 2018 Recommendation - 1 contract. pdf 

Jim Donelson 

CEO I Long Leaf Tradi ng Group 

Direct: 312.483.2180 

Toll Free: 866.372.1014 

Fax: 773.751.2103 

Tra ing futures involves ris of loss and is not suilable for all investors. Pas t performance is not necessarily indicative of future 

results. 

E-mail sent through the Internet is not secure. E-mail is not rivate and is subject to review by the Firm, its officers, agents, 

employees and regulators. Do not c-mrlil time SCTl'iitivc instructions, orders to buy or sell s('curitics or instructions to trClnsfcr funds. 

We will not accept such orders or instruclions. This e-mail is not an official trade confirrnation for transactions executed for your 

account. This communication is for information('ll purpos£'s only. 

Long Leaf Trading-0000199598 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 2 of 10 PageID #:1494
Margin Needed i (306.73) (1I~2.98) 

GBPUSD EURUSD 

Margin Margin I Net Uq After Calendar Calendar 

Trader ,Account I Names Excess Needed Expected! Trades Spread i Spread 

1! 1 

AndrewN i E53754 Ben Powell ____ _~ ... _ _ _ ! F 1,999.71 (769.71) I l 1,999.71 I 1 ! 1 

Andre,wN : E53755 :,Midland IRA ~BO Ben Powell : F 4,371.27 j!,~~.71) I ~~ -l-~ _ ~,601.~~ , 

AndrewN ;E53782 lAnthony&Ju~y-"etchar. i P 686.15 '(769.71)1 I 686.15 

AndrewN E53791 LS.~_ck Fami_I'y_!r~st -_~~~f~:~3_~~~_, j~~9. 71)1=---:'-] _____ -=-~E~~3 

AndrewN E53843_:_~~t~~~y,~is~~I~._ _ ___ ~~~~~_~~_~ (769.71).1 1 ! 3,929.80 

AndrewN E53851 ;Midland IRA FBO S Qureshi 10,334.13 : (769.71)j 1 9,564.42,1 

AndrewN E53860 I Midland IRA FBO D-iew~-li- , "-2:336':58 ~-rj69.ii)'l 1 1,566.87 

AndrewN E5~~_69'"']_~~~land IRA FBO !3~~~~~1~~~~_ ,F ,~-_~!?j?'_j.5 _~~('769.71)1 1 ! 7,947.54 . 

AndrewN E53886 r Midland IRA FBO J Burns F 7,034.83 ' (769.71)' 1-:-~'6:265~i2- --. 

AndrewN 1 E53~89--i,Robert Mann&-ljn~_a ~_a~n -"" . F ,_,,~~~,25~61~,(769.71). 1 ' 5,~~~~95? 

AndrewN i E53890 i Midland IRA FBO J Rieff F 1,270.89 , (769.71), L, 1,270.89 

AndrewN : E53893 !Andrew Goldberg N ---i9-9~20 y--- .... (769-:-71U 199.20 

AndrewN E53907 !Midland IRA F-BO D' Nations ; F 3,679.92 : -(7-69.71)'- 1-:----i,9iO~~1 j 

AndrewN ; E53927 Jerry Krantz ' '" , ---, F '---4,:ii9~49'!- -(769.71)1 1 3,349.78 ' 

1 1 

AndrewN iE53934 ,!Midland IRA FBO,R _Spencer ; F '-4;09Sj4-:- (769.71)1 1 r-'3,328'-63 

AndrewN E53937 : Richard Smajd ' F -S;li4.65 ' "(769.71)j-" -- 1 1

- 4,344.94 

AndrewN E53938 ' Bruce Johnson ~"~~~~~~: ,_J.?~~,.:?l}.l 1 3,06~.~8 

AndrewN ; David Kassekert 12,033.22 ; __ (?~9.71}J 1 11,263.51 

AndrewN !~::::~::: ::~ ~ ~:;:rmann . : 16:~~~:~j ~ g:::j~:1 ~'::!~~::: 

AndrewN E53981 ,~. r~. 

AndrewN E53984 

AndrewN E53985 

AndrewN E53987 

AndrewN E53994 

~~d~~t~~~~~~~~~~:!t~~~-_,~ -'~J~I~~!t -:j::~j~W _ll_!~:i~~f~ Mark Hartmann _ ;_F ?9!_~~~!:~9 (769.71)1 1~J ____ 6~~9!4.q~ 

Midland IRA FBO S Boehm I F i _,~~/_~~_~:~§___ (769.71}L~_ 3: 24,810.73 

Gera.~~_,l?Ea,x~r _ : F !Z.,-~~_1.49 _! (769.71) I~-r 15'-~Lt~:~§,1 Midland IRA FBO K Morris F: 17,188.86 l (769.71~, 3! 14,~9.7~_ ; 

Diwan -, ,--- ... -. ...:~~~,-==~~~_?~~~~~1.. _. __ (~~~~ ?1) L__ 1 6,867.82_1 

AndrewN E53997 IAle!xanlder Karczewski, __ _ __________ ., ,~_, ____ '__~_3,00~_=.!~_~;J~69.71} L-~ 3 .. ~Q,69~·P}_1 .. 

AndrewN Total ~ 342,120.91: (21,551.88) I 50 303,635.41 [ 3 I 3 

Page 1 Long Leaf Trading-Oa00199599 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 3 of 10 PageID #:1495
Trader Account Names 

ConnorC E53763 IStephen Napoletano .-.._~ .• _'"" _~~, __ n __ '~'_A ~ ___________ ~ __ 

ConnorC E53897 i Robert Mcallister .,~ .....•..•.. -.-.... _ ... _ ......... -... . 

ConnorC : E53923 ... - .... ··~ .... ·i .. ·-.. -·-··--- ... 

ConnorC ! E53952 

ConnorC 

ConnorC 

ConnorC 

ScottG . ~.~ 

ScottG - . 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

r-'" 

._ .... ,-_ ...... 

!E53818 IJames Hodge 

. j"'E53836 ·-TMidla~dIRA·F-BO J Mcdaniel .. !-...... -· .. -_·· .. --· .. ··"i· .... • ,"" ... - .. - ... -.......... -..... - .. - ............ . 

iE53859 lMidland IRA FBO T Groom 

E53895 

E53898 Midland IRA FBO J Conlon 

E53905 

. ScottG Darlene Muters .. ·---' .. ----·c· ..... -...... ----... -,. 

ScottG Lemler Ranches Inc 

-···--;-·-·-·-·---··r-----·---.. ··----·-·~·---

ScottG Midland IRA FBO D Lesso .- .... _.-._ .. - ..... _1,-----... _ .... 

ScottG E53922 Midland IRA FBO H Sodke 

ScottG E53924 Slaughter 2,236.30 

Page 2 

Margin 

Needed Expected 

3 

1 

GBPUSD EURUSD 

Net Liq After Calendar Calendar 

Trades Spread Spread 

240.12 

8,609.93 

423.06 

1,466.59 

1 

1 

1 

1 

1 

1 -----~-

1 

1 

1 

Long Leaf Trading-0000199599 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 4 of 10 PageID #:1496
Trader Account 

E53928 

E53930 

T_'_ 

Names 

James Tho_~e~~!l.. __ . _____ .. _ . 

Mi.~,land IRA FBO J D~~~!" 

Midland IRA FBO G Mccoun -.----- .. ---~---

Midland IRA FBO B Leibold . "' .. -~ 

Midland IRA FBO 0 Foster 

I 

· GBPUSD EURUSD 

Margin Margin Net Liq After· Calendar Calendar 

Excess Needed Expected Trades Spread Spread 

1,472.85 : (769.71) 1,472.85 1 1 

. __ ._._-_ .. !:====.·_"_-.-_·-),~!~~.-28't-·(769.71)! 1 2,428.57 

i F i 3,942.15. --(769.7iB 1 3,172.44 

F "13:~_!~)9: _J?~9.?!) 3 11,063.16 -------

_.E69.71) _ ..... _ 3 . 6,668.61 __ _ 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

ScottG 

:--~-i E53953 Midlan~ .. I~_~_~~_Qc:_~_~g~_~!:~i_ ... ,..... i F 

E53951 Midland IRA FBO C Burnham ,269.

71) .~-- ti 9,744.45 

(769.71) __ 3 ... _.~!5~.~.~4 1--1 -----t---............ -

ScottG 

E53958 Midland IRA FBO 0 Ontiveros 

E53959 I Midland IRA FBO K Palmen 

E53960 lMidland IRA Fs6'L Rea-- ~ -- --, -- ' -i· .. · . . , ... -. --

E53962 'Midland IRA FBO L Finnegan 

:E53964 

E53971 JI?~vid Owens 

E53972 i KIMBERLEY TURLEY 

· E53-973-- rAI!redSp~~ng_er 

; E53974 i Khuzema Savai 

E53977 : Midland IRA FBO 0 Parsons -,~ -- -. --.,-.,.~-~, _.. --.-.--.... ----.- -

i E53978 i Midland IRA FBO KCastilio 

Frank Toughill ~- _. . -

ScottG : E~?986 _~Dwight .B~ker.& Glenda B~ker 

ScottG E53989 i Midland IRA FBO R Mehr 

ScottG E53990-TMidl~md IRA FBO R Teno 

ScottG E-53993'--jAl"berto Grosmark ---------_ .. .1:._- ____ _ 

ScottG E53999 __ !~ames Logomasini 

ScottG Total 

(769.71) 1 I 2,965.86 ! 

--7,583".03 : (769.71) i 3 5,273.9ol---- .. ~ 

.. .;..-............... _.;. _ ?~~~!l.?3 J?~9.711r 3 33,80~~10 : __ . __ ~_. ~.j _____ :_ 

8,325.86 (769.71) 1 I 7,556.15 ! -! -

!~,~2:f~6:- (.769.71)j -_ -2-!_j5~o~~~§~r-----~---- ---I 

~?!~~6~_67, .; __ .. J~9.71)j· .__ _~L __ 19,837.54 --------i-

.~.~'.~?~.'~~.: (769.71), !i 11,201.64_+ __ ~_I: ___ I 

__ ..... __ ?,.?.~O..~~~ __ ! _ (769.71)1 __ .31 _5_,4_6_1._75--t-1 __ --+-._ 

F 11,422.71 : (769.71) I l' 10,653.00 : 

F-4;992.37-- (769.71)i 1 4,222.66 I 

16,260.79 ;--(169.71) 1 ---3 13,951.66 . r" 1~,4j),-?~_: (769.71)! --3 --14,114.'13 ---[---1 

19,785~?2 : (769.71); 3 17,476.59 _ _ I __ 

F 

F 

'F 

.F 

~~:~~;.:;~ :~:::~!:i i~I~1 ~~~:~~ ·-~1: 16,305.22 : (769.71) I 3 .j 13,996.09 . 

.. 19,87i.si'---(769.71)i 3 L 17,562.40 I 

-"'25,'000:00 :~-(1"69.71) i --- 3! 22,690.87 ......• ----, .................... -.- '-1- -- ... -. --' "'--~I503,799.93 I (33,097.53); 82 440,683.71 8 ---.- ................ -----l-------l.. - - -~t--- -----,--

Grand Total 986,900.86 (63,116.22) i 153, 869,135.23 11 

Page 3 Long Leaf Trading-0000199599 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 5 of 10 PageID #:1497
Please see referenced positions below we are recommending for execution. Simply respond yes 

to this email to accept the positions or feel free to call me if you would like to discuss first. As 

always I strongly encourage a timely response to prevent adverse market movement from 

impacting our ability to achieve fill prices as designed. 

We are recommending a total of 10 contracts for each recommended position below. 

Trade Recommendation: GBPUSD Calendar Spread 

Underlying: GBPUSD September Future 

Buy I' Sell Max Target Gain Target Max Expiration Gain/loss loss 

OGBUN8 C1.385 OGBUN8 C1.355 1,557.79 339.04 (160.96) 7/6/2018 

OGBUQ8 C1.355 OGBUQ8 C1.385 (306.73) 0.0105 0.0025 8/3/2016 

Trade A~Qroval 

Entry Order: -0.0025 08 GTC ICOST {306.73)1 

Exit Order: Market 

Trade Recommendation: EURUSD Calendar Spread 

Underlying: EURUSD September Future 

Buy Sell Max Target G.ain Target Max I Expiration Gaim/loss Loss 

OEUUN8 P1.14 OEUUN8 P1.17 3,276.54 839.04 (160.96) 7/6/2018 

OEUUQ8 P1.17 OEUUQ8 P1.14 (462.98) 0.0105 0.0025 8/3/2016 

Trade A~~roval 

Entry Order: -0.0025 OB GTC ICOST {462.98)1 

Exit Order: Market 

Copyright 2017 Long Leaf Trading Group, Inc. All rights reserved. 

Our mailing address is: 

Long Leaf Trading Group 

141 W Jackson Blvd, Suite 300A I Chicago IL 60604 

THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND 

THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS 

AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR 

THEIR RESULTS. PLEASE NOTE THAT THE PURCHASER OF AN OPTION IS SUBJECT TO THE RISK OF LOSING THE 

ENTIRE PREMIUM PLUS APPLICABLE FEES. THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING 

INTO A DERIVATIVES TRANSACTION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE 

PERFORMANCE. THIS MATERIAL HAS BEEN PREPARED BY A LONG LEAF TRADING GROUP BROKER WHO 

PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER 

SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, LONG LEAF TRADING GROUP 

DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1.71. LONG LEAF TRADING 

GROUP, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN 

ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, 

MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. 

FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION 

OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND 

RECOMMENDATIONS CONTAINED THEREIN. LONG LEAF TRADING GROUP IS NOT AFFILIATED WITH NOR DOES 

IT ENDORSE ANY TRADING SYSTEM, NEWSLETTER OR OTHER SIMILAR SERVICE. LONG LEAF TRADING GROUP 

DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE. 

Long Leaf Trading-0000199600 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 6 of 10 PageID #:1498
I 

I 

Please see referenced positions below we are recommending for execution. Simply respond yes 

to this email to accept the positions or feel free to call me if you would like to discuss first. As 

always I strongly encourage ~ timely response to prevent adverse market movement from 

impacting our ability to achieve fill prices as designed. 

We are recommending a total of 5 contracts for each recommended position below. 

Trade Recommendation: GBPUSD Calendar Spread 

Underlying: GBPUSD September Future 

Buy Sell Max Target Gain Target Max Expiration Gain/Loss Loss 

OGBUN8 C1.385 OGBUN8 C1.355 1,557.79 339.04 (160.96) 7/6/2018 

OGBUQ8 C1.355 OGBUQ8 C1.385 (306.73) 0.0105 0.0025 8/312016 

Trade A~~roval 

Entry Order: -0.0025 OB GTC ICOST (306.73)1 

Exit Order: Market 

Trade Recommendation: EURUSD Calendar Spread 

Underlying: EURUSD September Future 

Max Target Max ' Buy SeU GainlLos'S Target Gain Loss Expiration 

OEUUNB P1.14 OEUUN8 P1.17 3,276.54 839.04 (160.96) 7/6/2018 

OEUUQa P1.17 OEUUQ8 P1.14 (462.98) 0.0105 0.0025 8/312016 

Trade A~~roval 

Entry Order: -0.0025 08 GTC ICOST (462.98)1 

Exit Order: Market 

Copyright 2017 Long Leaf Trading Group, Inc. All rights reselVed. 

Our mailing address is: 

Long Leaf Trading Group 

141 W Jackson Blvd, Suite 300A I Chicago IL 60604 

THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND 

THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS 

AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR 

THEIR RESULTS. PLEASE NOTE THAT THE PURCHASER OF AN OPTION IS SUBJECT TO THE RISK OF LOSING THE 

ENTIRE PREMIUM PLUS APPLICABLE FEES. THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING 

INTO A DERIVATIVES TRANSACTION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE 

PERFORMANCE. THIS MATERIAL HAS BEEN PREPARED BY A LONG LEAF TRADING GROUP BROKER WHO 

PROVIDES RESEARCH MARKeT' COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER 

SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, LONG LEAF TRADING GROUP 

DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1.71. LONG LEAF TRADING 

GROUP, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN 

ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, 

MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. 

FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION 

OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND 

RECOMMENDATIONS CONTAINED THEREIN. LONG LEAF TRADING GROUP IS NOT AFFILIATED WITH NOR DOES 

IT ENDORSE ANY TRADING SYSTEM, NEWSLETTER OR OTHER SIMILAR SERVICE. LONG LEAF TRADING GROUP 

DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE. 

Long Leaf Trading-DODO 199601 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 7 of 10 PageID #:1499
Please see referenced positions below we are recommending for execution. Simply respond yes 

to this email to accept the positions or feet free to call me if you would like to discuss first. As 

always I strongly encourage a timely response to prevent adverse market movement from 

impacting our ability to achieve fill prices as designed. 

We are recommending a total of 3 contracts for each recommended position below. 

Trade Recommendation: GBPUSD Calendar Spread 

Underlying: GBPUSD September Future 

Buy Sell Max Target Gain Target Max Exph·ation Gainlloss Loss 

OGBUN8 C1.385 OGBUN8 C1.355 1,557.79 339.04 (160.96) 7/6/2018 

OGBUQ8 C1.355 OGBUQ8 C1.385 (306.73) 0.0105 0.0025 8/3/2016 

Trade A~~roval 

Entry Order: -0.0025 OB GTe ICOST (306.73)1 

Exit Order: Market 

Trade Recommendation: EURUSD Calendar Spread 

Underlying: EURUSD September Future 

Buy Sell Max Target Gain Target Max Expiration - - -- - GainlLoss Loss 

OEUUN8 P1.14 OEUUN8 P1.17 3,276.54 839.04 (160.96) 7/6/2018 

OEUUQa P1.17 OEUUQa P1.14 (462.98) 0.0105 0.0025 8/3/2016 

Trade A~~roval 

Entry Order: -0.0025 OB GTe ICOST (462.98)1 

Exit Order: Market 

Copyright 2017 Long Leaf Trading Group, Inc. All rights reserved. 

Our mailing address is: 

Long Leaf Trading Group 

141 W Jackson Blvd, Suite 300A I Chicago IL 60604 

THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND 

THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS 

AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR 

THEIR RESULTS. PLEASE NOTE THAT THE PURCHASER OF AN OPTION IS SUBJECT TO THE RISK OF LOSING THE 

ENTIRE PREMIUM PLUS APPLICABLE FEES. THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING 

INTO A DERIVATIVES TRANSACTION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE 

PERFORMANCE. THIS MATERIAL HAS BEEN PREPARED BY A LONG LEAF TRADING GROUP BROKER WHO 

PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER 

SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, LONG LEAF TRADING GROUP 

DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1. 71. LONG LEAF TRADING 

GROUP, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN 

ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, 

MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. 

FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION 

OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND 

RECOMMENDATIONS CONTAINED THEREIN. LONG LEAF TRADING GROUP IS NOT AFFILIATED WITH NOR DOES 

IT ENDORSE ANY TRADING SYSTEM, NEWSLETTER OR OTHER SIMILAR SERVICE. LONG LEAF TRADING GROUP 

DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE. 

Long Leaf Trading-0000199602 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 8 of 10 PageID #:1500
Please see referenced positions below we are recommending for execution. Simply respond yes 

to this email to accept the positions or feel free to call me if you would like to discuss first. As 

always I strongly encourage a timely response to prevent adverse market movement from 

impacting our ability to achieve fill prices as designed. 

We are recommending a total of 2 contracts for each recommended position below. 

Trade Recommendation: GBPUSD Calendar Spread 

Unde~lying: GBPUSD September Future 

Buy Sell Max Target Galin I Target Max Expiration Gain/Loss Loss 

OGBUN8 C1.385 OGBUN8 C1.355 1,557.79 339.04 (160.96) 7/6/2018 

OGBUQ8 C1.355 OGBUQ8 C1.385 (306.73) 0.0105 0.0025 8/3/2016 

Trade A~~roval 

Entry Order: -0.0025 OB GTC ICOST (306.73)1 

Exit Order: Market 

Trade Recommendation: EURUSD Calendar Spread 

Underlying: EURUSD September Future I 

Max Target Max Buy II Sell Target Galin Expi,ralti1on II Gain/Loss Loss 

OEUUN8 P1.14 OEUUN8 P1.17 3,276.54 839.04 (160.96) 7/6/2018 

OEUUQ8 P1.17 OEUUQ8 P1.14 (462.98) 0.0105 0.0025 8/3/2016 

Trade A~~roval 

Entry Order: -0.0025 OB GTC ICOST (462.98)1 

Exit Order: Market 

Copyright 2017 Long Leaf Trading Group, Inc. All rights reserved. 

Our mailing address is: 

Long Leaf Trading Group 

141 W Jackson Blvd/ Suite 300A I Chicago IL 60604 

THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL/ AND 

THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS 

AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR 

THEIR RESULTS. PLEASE NOTE THAT THE PURCHASER OF AN OPTION IS SUBJECT TO THE RISK OF LOSING THE 

ENTIRE PREMIUM PLUS APPLICABLE FEES. THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING 

INTO A DERIVATIVES TRANSACTION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE 

PERFORMANCE. THIS MATERIAL HAS BEEN PREPARED BY A LONG LEAF TRADING GROUP BROKER WHO 

PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER 

SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, LONG LEAF TRADING GROUP 

DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1. 71. LONG LEAF TRADING 

GROUP, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN 

ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, 

MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. 

FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION 

OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND 

RECOMMENDATIONS CONTAINED THEREIN. LONG LEAF TRADING GROUP IS NOT AFFILIATED WITH NOR DOES 

IT ENDORSE ANY TRADING SYSTEM/ NEWSLETIER OR OTHER SIMILAR SERVICE. LONG LEAF TRADING GROUP 

DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE. 

Long Leaf Trading-0000199603 

Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 9 of 10 PageID #:1501
Please see referenced positions below we are recommending for execution. Simply respond yes 

to this email to accept the positions or feel free to call me if you would like to discuss first. As 

always I strongly encourage a timely response to prevent adverse market movement from 

impacting our ability to achieve fill prices as designed. 

We are recommending a total of 1 contract for each recommended position below. 

Trade Recommendation: GBPUSD Calendar Spread 

Underlying: GBPUSD September Future 

Buy Sell Max Target Gain Target Max Expiration GainlLoss Loss 

OGBUN8 C1.385 OGBUN8 C1.355 1,557.79 339.04 (160.96) 71612018 

OGBUQa C1.355 OGBUQ8 C1.385 (306.73) 0.0105 0.0025 81312016 

Trade A~[!roval 

Entry Order: -0.0025 OB GTC ICOST (306.73)1 

Exit Order: Market 

Trade Recommendation: EURUSD Calendar Spread 

Underlying: EURUSD September Future 

Buy Sell Max Target Gain Target Max Expiration -- GainlLoss Loss 

OEUUN8 P1.14 OEUUN8 P1.17 -. 

3,276.54 839.04 ' (160.96) 71612018 

OEUUQ8 P1.17 OEUUQ8 P1.14 (462.98) 0.0105 0.0025 81312016 

Trade A~Qroval 

Entry Order: -0.0025 OB GTC ICOST (462.98)1 

Exit Order: Market 

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THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND 

THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS 

AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR 

THEIR RESULTS. PLEASE NOTE THAT THE PURCHASER OF AN OPTION IS SUBJECT TO THE RISK OF LOSING THE 

ENTIRE PREMIUM PLUS APPLICABLE FEES. THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING 

INTO A DERIVATIVES TRANSACTION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE 

PERFORMANCE. THIS MATERIAL HAS BEEN PREPARED BY A LONG LEAF TRADING GROUP BROKER WHO 

PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER 

SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, LONG LEAF TRADING GROUP 

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ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, 

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FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION 

OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND 

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Case: 1:20-cv-03758 Document #: 79-7 Filed: 11/05/21 Page 10 of 10 PageID #:1502