On the conference call TP says he is selling 12.5% of his holding a year if he gets his price otherwise he will hold. New large accounts now coming from China. IB opening in India first for prop trading then Indians out of the country, then Indians in country, then everybody else. Had good quarter due to vol for market making and bro. Lost 1.3 million due to customers not able to meet margin calls on naked bear stearn puts and 2 million market making bear stearns puts. Not said but implied did well out of soc gen blowup.