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Hi I've attached a couple of files summarizing our progress and current status on modeling the bid-ask spread. The first summarizes characterization of the EOL Crude data and the second describes a bid-ask spread model based on options theory developed by Zimin (The figure from the paper is included separately). I am now setting up an Excel spreadsheet to test this model with the EOL data. Let me know when you would like to meet to review this. Thanks, Bob Lee
EOL Pricing Algorithm Update