Joseph Buffo Email & Phone Number

Greater Chicago Area

• Focused on developing new relationships and increasing market share with existing clients.• Identify cross-selling opportunities in equity index, equity, FX and volatility derivatives.• Executes customer options and futures orders in CME equity index, Commodity and Interest Rate productsX-Change Financial Access, LLC (“XFA”) is a leading trade brokerage and execution agent for global benchmark derivatives and equity options, as well as fixed income products, FX, commodities, and cash equities and treasuries. With over 150 trading and support professionals stationed at the major global derivatives exchanges, order desks in Chicago and San Francisco, and a New York sales and strategy desk, XFA provides a vast client base with exceptional price discovery and trade execution services. XFA's clients include global financial services firms, leading hedge funds, money managers, CTA's and large market makers.

Director of Operations and head of Business Development• Managed operations of the front office trading and portfolio management systems and implemented use of a new, flexible, Java based FO system that resulted in increased trade/ risk monitoring efficiencies and reduced costs of such systems by 40%• Oversee daily and monthly balancing and reporting procedures.• Managed investor relations and reporting.• Liaison with prime brokers, custodians and administrator.• Direct contact and correspondence with legal staff.Trading and Execution• Member of the Vara Global Macro portfolio team that managed a process driven discretionary portfolio with asymmetric return structure.• Principal in process to develop short to medium term portfolio strategies with a broad range of developed and ‘developed emerging’ FX, Fixed Income and Equity positions.• Trader in US equity and interest rate exchange traded products including options and futures.• Trader in US commodity exchange traded products, primarily futures and options.• Implemented electronic trading and execution for Vara Capital with exchange products that reduced broker commissions 50%

• Responsible for sales, trading and execution for institutional customers and proprietary traders in equity futures and options at the Chicago Mercantile Exchange. Roles include sales/ trader within a small group that grew futures commission revenues 30% between 2000 and 2004.• Member of development team for Passport online trade execution and clearing tool.• Promoted to Executive Director in 2000.• Helped grow customer base over 17% within the Institutional Equity Division in a competitive environment. • Responsibilities included proprietary trading, arbitrage and execution in Foreign Exchange products at the CME. Traded front month, back month and spreads in FX futures for the Morgan Stanley team.• Co-managed the FX options customer sales and execution desk on the CME floor generating increase in revenue over 20% from 1993 to 1996.• Pit broker for Morgan Stanley in Currency products on the CME floor. The Morgan Stanley group produced the highest volume of any group in the CME’s FX futures products between 1986 and 1996.• Hired, trained and enthused new employees.