Dear Members -
On March 1, 2016, the NFA’s Cybersecurity Interpretive Notice became effective. It requires NFA Member firms to adopt and enforce written policies and procedures to secure customer data and access to their electronic systems. The notice applies to all membership categories including IBs, CTAs, CPOs, swap dealers and forex dealers.
During the past month and a half I’ve had several discussions with IBs and CTAs who were not aware of their obligations under this Notice, and what actions were needed in order to remain in compliance as NFA Members.
On April 20, NIBA will host a panel discussion focused on the key areas of the Interpretive Notice including a description of the safeguards against identified system threats and vulnerabilities, and a description of your firm’s ongoing education and training related to information systems security for all appropriate personnel. I strongly urge you to attend this session presented by four industry experts and including a representative from the NFA.
This issue of the NIBA Newsletter also includes articles submitted by speakers from the other three April 20 event sessions. Jim Steel, HSBC will present a Metals Overview and Update. Al Helmig, of Grey House will address the Changing Ownership of Crude Futures Open Interest. And Schneider Electric’s Brian Milne, will let a discussion entitled “Oil and Gas: All Stored Up/Nowhere to Go.”
On-site registration begins at 1:30pm. The afternoon program begins at 2:00pm. This meeting is open to all registrants and includes complimentary registration, handouts from NIBA Service Providers and a Networking Cocktail Reception immediately following the business sessions at 5:10pm.
Board Member Howard Rennell (hrennell@e-windham.com) is NIBA Chairman of this New York City event. His committee includes members Rich Strait, Paul Fry and Steve Petillo.
Please join me in thanking our 25th Anniversary Year Sponsors:
ADM Investor Services, Inc.
Delkos Research
Intl FC Stone
Rosenthal Collins Group
Ruddy Law Office, PLLC
These FCM and Service Provider members have made it possible for NIBA to offer our members a year long celebration of conferences, services and benefits.
See you in NYC - Melinda
Melinda Schramm, Founder & Chairman
melinda@futuresrep.com
