HOUSE_OVERSIGHT_014376.jpg

Chart 91: As you think about platform management, what is your view on having multiple options of liquidity providers? 100% 90% 80% 70% 60% 50% 40% 30% 20% 11% 10% 0% 89% Prefer to have a material amount of options — Prefer to conduct business with a few, well- established platforms Source: BofA Merrill Lynch Global Research 62 2016 Future of Financials Conference | 17 November 2016 Bankof America 2 Merrill Lynch HOUSE_OVERSIGHT_014376