Morley Conn

As the dealer on the other side of the trade, it will be our risk on a risk trade.

Since we're in constant conversation and contact...

with the asset managers, the ETF issuers.

And as well, we are speaking to all swaths of investor from investment advisor to institutions,

We're hearing what investors want and need and are looking for that might not be out there in the marketplace right now.

Like some of this ETF slop that you guys love so much.

Kidding aside, so a number of products actually have developed and grown that originated from conversations with market makers.

And then ETF issuers took them up on some of these ideas and did bring products to market.

I must confess that there's definitely been some of the leveraged products have been in that category, guys.

That has definitely been the case.

And as well, some of the covered call products have also come out of some of those sorts of conversations.

Inevitably, though, it's what we are hearing what investors would like to see.

Oh my goodness.

Investors need to definitely take into consideration when the markets are on holiday.

And it sounds so simple, guys, but when the U.S.

market is on holiday, you should not be trading Canadian market ETFs who underlie the U.S.

market.

It makes sense

But investors still do it.

The same applies to Europe.