As trading in securities has migrated from exchange floors to electronic marketplaces, Richards & Company has kept pace with the transition. We continue to have sizable representation on exchange floors around the world, but we also are an integral part of all the major electronic trading mechanisms. Consequently, our clients have the option of talking to a trader, sitting on a desk, or utilizing a range of electronic transaction mechanisms. Our advanced technology also underpins our online reporting and analytics to facilitate client accounting and risk management. We are also able to carefully coordinate a client's securities transactions with trading in.