Is the Digitalization of the Financial Industry Going to Take Off?

Francesca: I think institutional investors have got a chance to embrace the novelty in markets, which is offered by new technologies. It's not really clear how it's going to change; just knowing that the high level outline of where we're headed would be so helpful. The middleman and the middle corporate are left behind by the traditional markes, and have been left behind for such a long time. So actuly, this is a very positive trend. Is a trend of the centralization, of disintermediation, de materialization as well. But is a trend that ultimately speaks the language of financial inclusion and much in tune with e wi times.