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We achieved a retail total client assets of $750 million by year end and as I mentioned as coupled with 25% compared to full year for 2016. When you look at our active accounts on a trailing three months basis, direct active accounts in the fourth quarter even excluding the impact of FXCM, grew over 5% year over year and remains steadily growing.Additionally, the direct client share of our volume continues to increase, now making up 57% of total volume in 2017, compared to 56% in 2016, and seeing the trend, 71% in Q4 of 2017, compared to 55% in the same period Q4 of 2016.As to the indirect business, we have been successfully rationalizing this segment, which continue and resulted in 2017 retail referral fees of $39.7 million, which was down 28% as compared to 2016. By leveraging our global footprint, brand assets and leading customer proposition, we are well positioned to target two distinct market segments.Again experienced active traders and the broader retail investor group, we categorize experienced active traders as our sophisticated high iPhone Cases value client base.

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