The Interactive Brokers Group was formed in 1977 for the purpose of applying advanced computer technology to securities and futures trading. Interactive Brokers Group companies have nearly 25 years experience operating as specialists and market makers on the world's major exchanges. Today, as members of more than 30 equity and derivatives exchanges, the Interactive Brokers Group, remains at the forefront of the electronic brokerage industry. We have revolutionized the securities and derivatives market by providing investors with direct, high-speed and low cost access to trade markets around the world. For example, commissions for US equities are 1 penny or less per share. In Hong Kong the firm's Timber Hill affilates are the leading market maker in derivative products. We strongly believe in a level playing field for all market participants. HKSAR support of the HAMS initiative would be a step in the right direction.