Subject: File No. 600-33
From: Jon Ambos

March 29, 2015

As am operations manager for 15+ years and 6 years at a middle office outsourcing firm where our group was responsible for processing and confirming transactions for 20+ clients globally we have been forced to use a single firm to confirm the majority of our equity and fixed income trades.  We potentially would represent our clients as a broker dealer, outsourcer, and custodian.  The single firm potentially could charge us three times as such our clients get hurt as we need to charge them 3 times and as a proponent of Straight Through Processing (STP) this doesn’t have our process, it increases risk as there’s additional processing to perform which may not be necessary with Bloomberg offering confirmation matching services.

Thank You,
Jon Ambos