How have you found the first month as head of the exchange compared with being a regulator?
It's been a challenge to get up to speed on the issues that are in front of the exchange. But it's been good. Every day I develop more comfort and feel like I'm making progress.
While I certainly don't have experience running an exchange, I think the core responsibilities are management, and in my role as chairman of CFTC you're kind of the chairman, president and ceo all wrapped into one. With a very similar size staff as here at Nymex, so a lot of similarities from that standpoint.
What motivated the move?
Naturally anyone likes an increase in salary, but more importantly I had been at CFTC for six years. I don't view those kind of appointed positions as career positions and I think it was natural that at some point in...