I think there will be linkages between the U.S. and Europe and I think there will be linkages between the U.S. and Asia; that is probably a little further off.

Individuals will be charged in this matter,

This will mark the beginning of a new era for the exchange and America 's financial markets. As a for-profit, publicly held company, the NYSE Group will be better positioned to grow, create value and compete globally. We will provide customers with more choice in trading, an advanced technology platform, a broader product mix, and listing opportunities among a wider group of companies.

You will see more wage growth. The productivity numbers have been so good and the margins have been so good we can easily afford more wages.

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.

pleased with the resolution of this litigation, which allows our members to vote as planned on the proposed merger on Dec. 6.