We are very confident that we have one of the most unique pools of liquidity in the global FX marketplace. Many of your larger electronic communications networks (ECNs) that aggregate liquidity from multiple sources simply repackage and rebrand the same liquidity from Euromoney-ranked banks. While our clients can access this same rebranded liquidity through our relationships, they really benefit the most from our unique set of liquidity that they do not see on other electronic trading venues and platforms. The best evidence of this can be seen in our spreads.