dan gallagher will join us next.cessful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>

two other speakers tomorrow congressman scott garin and my colleague commissioner dan gallagher have highlighted this issue. i believe that one unspoken assumption about are listed equity market and i alluded to this a little bit earlier has been that it must be a one-size-fits-all structure. for the most part market rules and trading mechanisms are today the same regardless of wide variations in the size of public companies. sta has been a leading voice that fit the particular needs of small companies. similarly powered pfizer committee on small and merging company submitted a recommendation to us earlier this year with the goal of improving market structure for smaller companies. in 1975 congress gave the fcc the authority to press will it take the of the national market system including the authority to establish systems for stocks with unique trading characteristics. this authority permits different types of stocks to be treated differently. we should now consider using the data that is currently available to us to inform these decisions and how we can develop empirical analytics