About Us

Exchange Analytics Inc. is a leading supplier of interactive online compliance training courses to the futures/derivatives and securities industries.  EA is the world’s largest provider of ethics training courses that satisfy requirements of the Commodity Futures Trading Commission and the National Futures Association. Hundreds of firms also depend on Exchange Analytics’ Anti-Money Laundering training (AML) course to fulfill training requirements under the USA PATRIOT Act.  EA’s Cybersecurity Training Course helps firms meet regulatory Information Systems Security requirements.

Special emphasis has been placed on sales support and liability exposure, utilizing Exchange Analytics’ extensive experience in sales, branch management and trading in the Securities and Futures Industries.

Numerous experts have contributed to our course development process, including former senior Compliance Officers of the National Futures Association, Compliance Officers at some of the largest financial service firms in the world, and a former Chief Counsel of the Commodity Futures Trading Commission’s Division of Trading and Markets.



Larry Israel

squareExchange Analytics was co-founded by Larry Israel, who serves as President. Mr. Israel has passed all relevant futures market proficiency testing. He has been continuously registered with the CFTC since 1981 and has been a member of the Chicago Board of Trade, a subsidiary of the CME Group, since 1976.

Mr. Israel has been extensively involved in the futures industry and has served on a variety of committees at the CBOT and CME, including Arbitration, Associate Member, Education, Finance, Marketing, New Product Development, Business Conduct and Probable Cause.  He has served as an Arbitrator for the National Futures Association as well as  a futures industry expert witness in Federal Court and in arbitrations.  Mr. Israel  has testified in criminal proceedings on behalf of the United States Department of Justice.  He was previously an adjunct lecturer at Northwestern University, where he taught courses on the derivatives markets.

Mr. Israel is a Certified Anti-Money Laundering Specialist. He earned a B.S. in Economics from the University of Illinois and an M.B.A. from the University of Chicago.

Marc Nagel

squareMarc Nagel is an independent compliance consultant and expert witness in matters relating to futures and derivatives. For 10 years he was the Chief Operating Officer, General Counsel and Chief Compliance Officer at Dorman Trading, a clearing FCM. Mr. Nagel is a licensed attorney (Chicago Kent College of Law, 1977) and CPA (University of Illinois 1971), and has traded futures and options on the Chicago Board of Trade (CBOT) floor since 1979. He has also traded futures and securities electronically since 1995.

Mr. Nagel serves on the Futures Commission Merchant Advisory Committee of the National Futures Association.  He has served on the Futures and Derivatives Conference Advisory Board of the IIT- Chicago Kent College of Law and is a regular speaker at the conference.

Since 2014, Mr. Nagel has been an advisor to Exchange Analytics. He is the author of Exchange Analytics courses on Customer Protection, Identity Theft, and Cybersecurity. He is the editor of courses on Anti-Money Laundering and Ethics.

Chuck Frank

squareChuck Frank has been active in the financial services industry and continuously registered with the CFTC since 1981. He spent 19 years as a floor broker and independent trader in the U.S. Treasury Bond pit at the Chicago Board of Trade, then served as Chief Compliance Officer of an independent broker-dealer from 2000 to 2010 with Series 4, 7, 24, 55 and 63 licenses. Subsequently, Mr. Frank served as Chief Compliance Officer for an independent introducing futures broker.

Mr. Frank is a 1972 graduate of the University of Illinois. He is a Member of the Chicago Board of Trade, where he previously served on the Associate Member and U.S. Treasury Bond Pit committees. He works with writers, graphic designers, voice-over talent, audio engineers and technical consultants to coordinate production of training courses for Exchange Analytics.

Mindy Schanks

squareMindy Schanks began her career in the derivatives trading industry in 1976 as a clerk on the Chicago Board of Trade trading floor. She quickly assumed leadership roles and for more than a dozen years worked with brokers, retail clients, commercial accounts and European traders as an operations specialist for several CBOT-member grain and financial firms.

Ms. Schanks has been Senior Administrative Manager and Director of Client Services at Exchange Analytics since joining the company in 2002. In those capacities she oversees relationships between the EA and the hundreds of financial firms that utilize EA’s training courses. Ms. Schanks attended Northern Illinois University and the Illinois Institute of Technology.


squareIsaac Schwarz serves as the firm’s Operations Manager, ensuring the prompt fulfillment of client needs. Mr. Schwarz graduated with honors from DePaul University’s Driehaus College of Business in 2017, where he received a B.S. in Operations Management.