It is very difficult to determine. We saw what happened in Europe. It is not the role of the head of an exchange to say which direction stock market prices are taking. Actually, we are advised not to comment, for obvious reasons.
However, the market we are suggesting is transparent and effective. In addition, its cost is low. The Montreal Exchange can definitely meet all such criteria. Then, it is up to the market, not to the head of the Exchange, to decide what it wants.