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Dallas DALLAS SECURITY TRADERS ASSOCIATION

Reg NMS and SHOûNYSE/ArcaEx mergerûNASDAQ/INet mergerûNYSE HybridûNASD UpdateûFour Season Resort & Club • AmphitheaterûSeptember 9, 2005 • September 9, 2005

Bobbie Sanborn, Simmons & Co., Houston; Leon Lants, Stephens Inc., Little Rock. Rob Wood, Engelman Securities, Chicago; Corey Ware, Damon Belding, Capital Institutional Services, Dallas; C.V. Mc Ginity, Knight Securities, Jersey City. Moderator: John Daley, Jefferies & Co., Dallas; Panel: Bill Flanagan,

NYSE; Brian Hyndman, Nasdaq, both New York; Richard Wallace,

NASD, Washington D.C.; Mike Cormack, ArcaEx, New York.
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