Futures That Don’t Look Like Futures
The Small Exchange launched new futures products that pair the efficiency of futures with the simplicity of stocks, on June 1, 2020. Built on the pillars small, standard, and simple,…
Life of a Brokerage Firm
Life of a Brokerage Firm <Part Three> Ron Grossman and Ryan Griffeth conducted as series of interviews discussing the various stages of a brokerage firm. Interviews are presented here in…
Chairman Letter for February 2013
Dear Members - If you think endless snow storms and wind chills below zero have gotten you pretty far down, don't even look at the new and proposed regulation discussed…
CME Group Market Data Fee FAQ Clarification
CME Group Market Data Fee FAQ In response to the NIBA, the CME Group Market Data Team has submitted the following clarification to its November 12, 2013 notice regarding market…
Chairman’s Letter for December 2013
Chairman’s Article: Dear Members: This month’s issue of the NIBA newsletter focuses on the topic on everyone’s mind -- the CME Group market data fee increases. Not surprisingly, none of…
Market participants perspective on CME Market Data Fee Increase
The purpose of this letter is to express an opinion regarding the CME’s announcement to increase its market data fees. Market participants, professional users and brokers alike are largely unaware…
Taking Your Questions on New CME Group Market Data Fee Structure for Discussion with CME Group
NIBA Members: You may have received a direct communication from the CME Group or read recent National Introducing Brokers Association (NIBA) LinkedIn posts regarding the exchange's intent to raise market data fees.…
NFA Board of Directors IB & CTA Representatives panel
It was my privilege to moderate what I think was the most interesting presentation during the NIBA September Conference. I moderated the NFA Board of Directors IB & CTA Representatives…
Five Ideas of CTA Due Diligence Part 2
In Part 1 of the article Five Ideas of CTA Due Diligence, we discussed several foundational concepts to keep in mind when applying a research due diligence process to a…
Advice for Brokers Selling CTAs
1. Don’t sell anything, ever, that doesn’t have an audited Track Record. If you are selling unaudited investment managers, you are selling fantasy. 2. Don’t sell anything you don’t understand.…