The Impact of the Credit Event on the Lending Market

I think there's going to be much more regulation on the types of retail kind of deposit data platforms out there. And probably fewer, you know, less funding, I guess, available in that format for dealing desks and market makers and the query providers. That's reflected in all the people across the board. Things like our strategy is across exchanges, things like base insurance, things like, even, you know,. kind of like running like implied versus realized like vol spreads. You know, do you have sort of retained earnings and the balance sheet to kind of weather that type of stuff up? We'll see a lending market come back," he said.