Can you give me an update on any progress towards the London opening?
The facility is all ready to go and we are diligently pursuing regulatory approval. We think things are going very well, we're getting great cooperation from FSA [Financial Services Authority], and we're very optimistic. But I'm not going to speculate on timetable.
What are the London trading community saying to you about the opening? Has the gap between International Petroleum Exchange (IPE) going electronic and your opening damaged the new exchange's prospects?
Our biggest supporters are still there and saying they're very keen for us to open in London. There is also anticipation in the trading community at large about us coming to London. We will be doing things very differently from a traditional open outcry exchange: there will be a tremendous amount of technology, for example, and a tremendous amount of transparency coming out of this...