SPEAKER INDEX CONTENTS INSERTS BACHUS 31 32 33 34 35 BAKER 1 5 8 15 16 17 18 19 20 21 25 29 30 31 34 36 37 39 41 45 47 50 52 55 56 60 63 67 70 75 79 80 81 82 83 84 92 95 99 100 BIGGERT 37 38 39 CROWLEY 47 49 50 95 97 98 DONALDSON 8 16 17 18 19 20 21 22 24 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 55 56 EMANUEL 29 30 31 FOLEY 70 89 90 91 FOSSELLA 31 GIESEA 60 HART 92 93 94 95 HINOJOSA 36 37 INSLEE 45 46 47 JOYCE 63 86 87 89 92 94 95 KANJORSKI 2 21 23 84 86 88 89 90 92 KELLY 41 42 43 44 45 LABRANCHE 67 80 81 93 97 MALONEY 52 54 55 MCCOOEY 56 82 83 95 MEEKS 50 51 52 NAZARETH 33 34 38 42 NICOLL 75 99 OXLEY 5 25 26 28 29 SCOTT 39 40 CONTENTS SPEAKERS INSERTS STATEMENT OF HON. WILLIAM H. DONALDSON, CHAIRMAN, SECURITIES AND EXCHANGE COMMISSION PAGE 8 STATEMENT OF ROBERT H. MCCOOEY, JR., PRESIDENT AND CEO, THE GRISWOLD COMPANY PAGE 56 STATEMENT OF JOHN GIESEA, PRESIDENT AND CEO, SECURITY TRADERS' ASSOCIATION PAGE 60 STATEMENT OF THOMAS M. JOYCE, PRESIDENT AND CEO, KNIGHT TRADING GROUP, INC. PAGE 63 STATEMENT OF MICHAEL LABRANCHE, CHAIRMAN, CEO AND PRESIDENT, LABRANCHE & CO., INC. PAGE 67 STATEMENT OF KEVIN FOLEY, CEO, BLOOMBERG TRADEBOOK PAGE 70 STATEMENT OF EDWARD NICOLL, CEO, INSTINET GROUP INCORPORATED PAGE 75 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING