to ensure the most liquid exchange, that may [mean] more electronic trading, but that remains to be seen.

We are looking at the hours that the exchange opens, among other things we are looking at, and we haven't decided anything specific. There is absolutely nothing new in this.

The NYSE is by far the largest market, it is the most liquid market, we have the best price 93 percent of the time, but one of the things we're not is the fastest. And some of the big institutional customers have said they want the ability to trade quickly and with a high degree of certainty and we're going to give them the ability to do that.

The NYSE is by far the largest market, it is the most liquid market, we have the best price 93 percent of the time, but one of the things we're not is the fastest. And some of the big institutional customers have said they want the ability to trade quickly and with a high degree of certainty and we're going to give them the ability to do that,

Electronic-trading tools can take advantage of this.

We sympathize, but that remains to be seen.