SPEAKER INDEX CONTENTS INSERTS ACKERMAN 5 8 44 45 46 47 48 50 BAKER 1 5 6 7 8 12 16 20 25 30 34 37 38 39 40 42 43 48 50 55 56 57 58 59 60 61 62 63 65 66 67 71 72 73 GREIFELD 25 45 46 47 48 52 70 KANJORSKI 3 7 8 40 42 50 54 55 56 65 66 67 68 70 71 72 73 MCCARTHY 7 50 52 54 55 56 67 71 MCCOOEY 20 58 59 60 62 63 71 MEEKS 6 NICOLL 16 52 54 55 63 PUTNAM 8 48 61 63 65 66 68 SAUTER 34 69 70 SULLIVAN 30 56 THAIN 12 37 38 39 40 44 45 46 55 56 59 60 61 63 67 CONTENTS SPEAKERS INSERTS STATEMENT OF GERALD D. PUTNAM, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF ARCHIPELAGO HOLDINGS PAGE 8 STATEMENT OF JOHN A. THAIN, CHIEF EXECUTIVE OFFICER OF THE NEW YORK STOCK EXCHANGE, INC. PAGE 12 STATEMENT OF EDWARD J. NICOLL, CHIEF EXECUTIVE OFFICER, INSTINCT GROUP INCORPORATED PAGE 16 STATEMENT OF ROBERT H. MCCOOEY, JR., PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE GRISWOLD COMPANY PAGE 20 STATEMENT OF ROBERT GREIFELD, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE NASDAQ STOCK MARKET, INC. PAGE 25 STATEMENT OF FRANK C. SULLIVAN, PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICE, RPM INTERNATIONAL, INC. PAGE 30 STATEMENT OF GEORGE U. ''GUS'' SAUTER, CHIEF INVESTMENT OFFICER AND MANAGING DIRECTOR, THE VANGUARD GROUP PAGE 34 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING