SPEAKER INDEX    CONTENTS   INSERTS   
ANDRESEN         6  
BAKER            1      6      8     12     15     17     21     24     27  
                30     31     32     35     36     38  
BANG            24  
CROWLEY         35     36     37     38  
FOSSELLA         6  
GIESEA          15     38  
HINOJOSA        32     33     34     35  
KANJORSKI        3  
LEIBOWITZ        9     33     34  
MCCABE          12     30     31     32     33     34  
STEIL           17     36     37  
VELAZQUEZ        6  
WALLISON        27  
WEAVER          21     30     31     33     35  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF MATTHEW ANDRESEN, FORMER PRESIDENT AND CEO, THE ISLAND ECN, INC.
                                                                 PAGE     6

STATEMENT OF LARRY LEIBOWITZ, EXECUTIVE VICE PRESIDENT, CO-HEAD OF EQUITIES DIVISION, SCHWAB 
SOUNDVIEW CAPITAL MARKETS
                                                                 PAGE     8

STATEMENT OF DANIEL MCCABE, CEO, BEAR HUNTER SPECIALTY PRODUCTS
                                                                 PAGE    12

STATEMENT OF JOHN GIESA, PRESIDENT AND CEO, SECURITY TRADERS ASSOCIATION, INC.
                                                                 PAGE    15

STATEMENT OF BENN STEIL, ANDRE MAYER SENIOR FELLOW IN INTERNATIONAL ECONOMICS, COUNCIL ON FOREIGN 
RELATIONS
                                                                 PAGE    17

STATEMENT OF DANIEL G. WEAVER, VISITING ASSOCIATE PROFESSOR OF FINANCE, DEPARTMENT OF FINANCE, 
RUTGERS SCHOOL OF BUSINESS
                                                                 PAGE    21

STATEMENT OF KIM BANG, PRESIDENT AND CEO, BLOOMBERG TRADEBOOK LLC
                                                                 PAGE    24

STATEMENT OF PETER J. WALLISON, RESIDENT FELLOW, AMERICAN ENTERPRISE INSTITUTE
                                                                 PAGE    27


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING