Z/Yen has concluded a major research project examining liquidity and "normal market size" (NMS) for the London Stock Exchange. The objective of the study was to make recommendations on trade transparency and NMS in order to help with the smooth functioning of the markets. Our team, led by Christopher Hall, supported by Alan Helmore-Simpson and Rakesh Shah, with guidance from Michael Mainelli, Robert Pay, Stephen Wells and Jeremy Smith, worked their way through millions of transactions supplied by the client.Some of the basic analytical processing runs involved over 100 million transactions. The London Stock Exchange is now examining some of Z/Yen's thoughts, but heck, who said our team was normal?