joining me is philip chapelle and dan marcus. welcome to you both. ve you on the program. dan, let me start with you. you provide brokerage services primarily in derivative markets. what has been the impact of mifid ii on your business so far? dan: we have to look at regulation and a variety of regulatory environments. in a sense mifid ii has come in place for or five years after dodd-frank, which in itself was four or five years after the g20 pittsburgh, which was reactive to the crisis. from our perspective as a platinum-plated venue, we tried to deliver better execution. what you now see from regulation is there is more transparency, surveillance, assistance, controls to make sure that we can deliver that execution and the regulators and the clients can see what the market is doing so they can size and control it. this made it more costly for you? has made business more difficult? what is going on under the hood? dan: it has made it significantly more costly to put this new layer of compliance surveillance in place. in some sense that's good. it at

joining me is philip chapelle and dan marcus. welcome to you both. 's great to have you on the program. dan, let me start with you. you provide brokerage services in derivative markets. once the impact of mifid ii on your business so far? dan: we have to look at regulation and a variety of regulatory environments. mifid ii has come in place for or five years after dodd-frank, which in itself was four or five years after the g20 pittsburgh, which was reactive to the crisis. from our perspective as a platinum-plated venue, we tried to deliver better execution. what you now see from regulation is there is more transparency, surveillance, controls to make sure that we can deliver that execution and the regulators on the clients can see what the market is doing so they can size and control it. nejra: does this make it more costly for you? what is going on under the hood? dan: it has made it significantly more costly to put this new layer of compliance surveillance in place. in some sense that's good it. it attaches a certain level of quality that the venue

. >> the marcus and dan is now stable. crews are keeping a close eye on the dam. this video shows water flowing down the emergency stilly after the rain tapered off. the water started to receipt. crews are now reducing the water level in the reservoir and monitoring the dams condition. if you're headed to the sierra, you are in luck. there is plenty of fresh snow for skiers and snowboarders. check out this video of the ktvu photographer joe cousins snowboarding . in the past 24 hours, nearly 1.5 foot of snow has fallen. it made for some great skiing conditions. conditions. >>> excuse me, they have a winter storm warning in place to see a. we have some more snow in the forecast. we have more rain. right now, check out the satellite and radars. the rainfall is moving in from the north. look at this. we have some more coverage to show you primly up in portions of the north bay. santa rosa has been reporting some rainfall. things are sunday pickup here with yellows and oranges showing up. it is approaching napa, and fairfield. we have more developments. it will be col

marcus. let's send things over to ron for a look at the other headlines that we're covering. good morning, ron. >> good morning to you paula, dane, sam. good morning, everyone. >>> going to begin with breaking news out of colony, upstate new york, near the state capital in albany. three postal employees were brought to the hospital after reacting to a substance on a package. at a sorting facility. police say that one person broke out in a rash after coming into contact with that package. another getting a rash just from entering the room where the package was held. we're told everyone will be fine. >>> in pomona, california a suspect is in custody after a 17-hour standoff with police accused of fatally shooting a rookie officer and seriously wounding another. the 39-year-old is now charged with murder. police say it all started when officers try to pull him over as he was driving friday not. valencia crashed his truck. and barricaded himself inside an apartment building for 17 hours. the officer who was killed was 30-year-old officer gregory casillas. he joined the force last september. >>> a bingham state university co-ed, pol