wentremember whenoakley to look -- i remember when oakley went public.ded the ticker tape should beoooo and people are writing checks with that on it. how has the ipo process differed from what it was back in the day/ >> the technology that underpins the market is incredible prayed we are processing two point $5 trillion of transactions per day which is 40 times more. we are processing a tremendous amount of data on the technology. who are active around the ipo are essentially the balance of that. that is the analytics and human judgment. in terms of the ipo itself, is that process different? thathe process is not different. it comes in electronically and we can see that at the point-of- sale. you can see where buyers and sellers are but ultimately it is the underwriters making the decisions where to open the stock and that takes people to do that. if you are here at the twitter ipo, you saw in early 100 people around the post leading to that price discovery process. >> the price discovery seems to have held. about the listings that you want. there have