Thank you, Mr. Chair. And thank you, Mr. Eyking.
I have a very short question for now. You've all pointed out about the paper market. My concern is what happens when you have investor demand outstripping consumer demand.
Can any of you give us a real reason why futures commodities markets in the past have prevented non-commercial players from playing? What were the real reasons for saying we should not have speculators in this particular market? We understand the dynamics of how it will hurt, but I'd like to hear from any one of you as to why these prohibitions were put in place.
Ms. Russell, I can begin with you, if you wish.