<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:14pt"><div><span>Hi,</span></div><div><span><br></span></div><div><span>I have a simple question to confirm my idea about exchanges, When a message arrives and there are number of exchanges, does it move to all exchanges ,or before sending it to exchange it is decided that this message would be moved to this particular exchange if yes who decides this?</span></div><div><span><br></span></div><div>Thanks in advance.</div><div> </div><div>Saima Asif</div></div></body></html>