At present, there are still a large number of stock markets and futures exchanges in the European Union which have a wide variety of market models and trading systems. As in the financial industry as a whole, the pressure of competition and advances in communication technology will lead to a process of adjustment and concentration.
•  President Plosser believes reducing the pace of asset purchases in measured steps is moving in the right direction, but the time may come sooner than many expect when interest rates may have to rise if we are to avoid falling behind the curve. Introduction Thank you for inviting me here today.