[illumintai]

Hi,

I just participated in an investment game. I am supposed to analyse the transactions and compile a report.

We are given $10,000,000 cash and margin spending doubles our buying power to $20,000,000.

Here is the transaction detail: -

Trade Date Order Sym Qty Price Paid* Comm. Amount
01/10/08 Buy BPH8.CME 650 122,006.2 25.00 -79,304,087.50

First off, this is a GBP-USD fx futures transaction. I cannot in the world understand how the amount paid can be around 80 mil ?

Look forward to your replies.

Thanks