The Welcome back to the Shafers Market mashup. It's been a while everybody and it's good to be back.

I took a week off during election week, even though, let's be honest, that felt like a month ago. But hey, you know, we're here, we're happy, we're healthy, and I'm excited for today's interview.

Please welcome Bill Looney, managing director

at Exchange Financial Access.

Bill, thanks for coming on.

Hi, Patrick, good afternoon, Kagan.

Thanks for having it's a pleasure to be with.

Awesome, awesome.

I guess I'll just start with a little bit of intro with what we're going to be talking

about today.

Options volumes have not slowed down in 2020 despite the rest of life essentially slowing

down.

Average daily volume this year is up more than 40% from 2019 and the options industry is on track to hit a record of more than 7 billion contracts in total volume by the end of 2020.

Nine of the top 10 most active trading days have occurred in 2020 alone.

So, Bill, I want you to, you know, you're're coming from this is the broker dealer's perspective

I want you to first talk me through your career and how you've got to where you are at

XFA and then give me a little breakdown of what XFA offers.

Sure.

Yeah, well, I've been in the business just over two decades now and I, for the large, for the biggest piece of my career. I was on the sales and trading side.

Started out based income world. Eventually migrated to the equity derivatives world where I did

institutional sales and trading for a number of years with a lot of the big banks.

Subsequently thereafter, I headed over to Cebo for a seven-year stint and wound up my last role at C-B-B- P. P. P. P. P. P. P. P. P. P. P. P. P. A. P. P. A. P. A. P. A. A. A. S. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A their global business development efforts, basically parlaying my sales and trading as well

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