"Year 2000 compliance has been and very much is a huge issue for us for years as an industry. The industry's been deeply involved, the Institute's been deeply involved in cross-industry compliance, testing, and information sharing... We've been testing private interfaces across the complex, streetwide testing with the National Securities Clearing Corp. and the SIA [Securities Industry Association] and we expect to be able to settle all trades... on January first or January second or third or fourth, whatever day the markets are open."
