It should strengthen investors' confidence. This is done through transparency, high quality financial reports, and a standardized economic market. This is not just for China, but also for the world market as a whole.

Personal life
Grasso is currently residing in New York with his wife Lorraine and his four children: Jennie Christine Richard and Catherine. The suit against Grasso has come under criticism from some commentators with journalist Charles Gasparino lambasting it in the epilogue to his book Blood on the Street. After the September 11 2001 terrorist attacks Grasso became the public face of the Exchange and was praised for his role in helping restart operations.

On July 1 2008 the New York State Court of Appeals dismissed all claims against Grasso. After the September 11 2001 terrorist attacks Grasso became the public face of the Exchange and was praised for his role in helping restart operations.