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SSKILLZ1

04/25/08 8:25 PM

#716 RE: SSKILLZ1 #656

Trade Usage (VMC PSL 3-4-5-6-7-8)

Trade Usage Per Each contest
VMC PSL 3 40.15%
VMC PSL 4 53.73%
VMC PSL 5 40.99% (48.66% adjusted for extra trade)
VMC PSL 6 44.32% (51.14% adjusted fo extra trade)
VMC PSL 7 43.00% (49.78% adjusted fo extra trade)
VMC PSL 8 31.25% (37.50% adjusted fo extra trade)

Commentary: As we can see trade usage fell from VMC PSL 7. In fact even on an adjusted basis this was the lowest trade usage % in any VMC PSL Contest. I believe due to poor market condition that ultimately resulted in lower Trade usage. It will be interesting where the Trade Usage % goes in VMC PSL 9. Hope this helps.