Ken Griffin

There's tremendous amounts of white space that Citadel Securities can and will grow into.

Everything from the trading of mortgage-backed securities in the United States to government bonds in Asia, there's a tremendous amount of white space for Citadel Securities to grow into.

And I'm really thrilled that Jim Esposito joined the firm

Roughly a year ago, he's had a tremendous impact on expanding our connectivity with clients around the world and are really honing Citadel Security's leadership on what are the key and salient problems that we need to solve

to better further the interest of our clients.

Because businesses that stay focused, that are client-centric at the core, are businesses that solve real tangible problems.

And people will pay you to help solve their problems.

And Jim's just done a great job in instilling that ethos and culture within the four walls of Citadel Securities.

It's an area that we will, of course, look at and stay very much on top of as it continues to grow.

And I think it's reasonable to say that if that market continues to grow, and given our focus on retail investors across those securities, we will step in to provide liquidity in that space if it continues to have the success it's had.

You know, I'm very fortunate that I don't have to make that decision day in and day out.

That comes down to Peng Chao, his CEO, and his leadership team.

And that ball's really in his court.

He will have to decide and deal with, and this is one of the things that the president is focused, with the burdens of being the CEO of a public company.

And I know the president has talked about moving reporting to a semi-annual cycle.

I actually don't think that's the problem.

Every company in the United States produces financials monthly, if not more frequently today.

The quarterly reporting, per se, is not a burden to being public.

But what you want to think about as a public company is the constant harassment from the class action lawyers, the constant harassment from those who are trying to agitate on your proxy statement.

You know, solving those issues would be much more helpful in encouraging companies to go public than trying to reduce the very transparency that has made the United States such an incredible destination for capital from around the world.