NIBA Journal

Insights, analysis, and updates from the National Introducing Brokers Association

Chairman's Letter - October 2018
Member Announcements
October 11, 2018
2 min read

Chairman's Letter - October 2018

In Latin, octo means eight. October, the eighth month of the year is recognized traditionally throughout the world as the gateway to winter. In the U.S., we celebrate National Pizza Month and, of course, Halloween. In early October, the Wall Street Journal reported that CFTC enforcement actions and fines are up in 2018, while SEC-related numbers decreased over the same period. After falling slightly in 2017, CFTC numbers have risen this year in part to issues surrounding cryptocurrency offerings and spoofing. Complaints also include various recordkeeping and position limit violations. NFA has called for nominations to its board of directors and nominating committees. Current terms of several directors expire February 21, 2019. Submissions for candidates for all positions must reach the NFA no later than October 15th. NIBA will be publishing the results of those nominations in subsequent newsletters. Elections will be held shortly after the nominations are announced, so...

By NIBARead article
New Tool: CME Group Options Calculator
Business Development
September 27, 2018
1 min read

New Tool: CME Group Options Calculator

Generate fair value prices and Greeks for any of CME Group’s options on futures contracts or price up a generic option with our universal options calculator. Choose from eight different pricing models, including Black Scholes, and customize your parameters by: Strike Option Type Underlying Futures Price Volatility Days to expiration (DTE) rate View Calculator

By NIBARead article
2018 IB Handbook
September 27, 2018
1 min read

2018 IB Handbook

The Complete IB Handbook – 2018 Edition Now Available Updated annually, The Complete IB Handbook is a comprehensive resource for prospective and current introducing brokers (IBs). This guide, written by Melinda H. Schramm of MHS Capital Resource and sponsored by CME Group, provides a state of the IB industry, covering current trends, business practices and regulation. Read the latest version, updated for 2018. Download Handbook

By NIBARead article
NIBA Annual Membership Meeting
Uncategorized
September 27, 2018
2 min read

NIBA Annual Membership Meeting

NIBA held its Annual Membership Meeting September 13 at the CME Group Building. The full-day of education focused on “Developing Business in a Regulated Environment,” and featured sessions on compliance, marketing and ideas for growth. This year’s keynote speaker, Rick Santelli of CNBC Financial News, spoke to a standing-room only crowd. NIBA thanks the CME Group, official sponsor of the event for providing our meeting space, lunch and a terrific luncheon speech on the possible effects of tariffs and trade wars on the markets and our customers, presented by Alison Coughlin, Manager of Commodity Research and Product Development, CME Group. Thanks also to NIBA’s Program Sponsors and Annual Sponsors - Barchart, Clear Software, Ruddy Gregory, Michael Coglianese CPA, Straits Financial, Midland IRA, John Lothian News and Dorman Trading. Congratulations to Gene Sikora, of Intl FC Stone on winning the raffle prize, an electric scooter donated by Straits Financial. The meeting...

By NIBARead article
Chairman's Letter - September
Member Announcements
September 27, 2018
2 min read

Chairman's Letter - September

In the time of Charlemagne, September was “the harvest month.” In most of the modern world, September marks the start of the academic year. And here, in the U.S., we celebrate “Better Breakfast Month” and National Bourbon and California Wine month. September brings NIBA’s Annual Membership Meeting. The meeting took place this year on Sept. 13 at the CME Group Building in Chicago. When it was time for the keynote speech, Rick Santelli, CNBC commentator rocked the house. Rick was more than informational -- he is entertaining and very gracious. Thanks also to the CME Group for providing the facility and a terrific luncheon speak, Alison Coughlin of the exchange. A full wrap-up appears in this issue of the NIBA newsletter. We also saw two Commissioners confirmed and sworn into office by the CFTC early this month which completes and fills the five-person Commission. Dawn Stump comes from Stump Strategic,...

By NIBARead article
New Tools to Grow Business
Uncategorized
September 10, 2018
2 min read

New Tools to Grow Business

This year's NIBA conference theme is "Business Development in a Regulated Environment." There are many ways to develop new business. Some of those which we are highlighting in this session is through the use of new tools and new revenue sources. Relationship Based Trading This segment will discuss the various ways a firm can utilize relationship based trading. That means trading using blocks, crosses or pre-execution. Each offer their own unique benefits to the end customer and broker. Panelists are actual market participants giving perspective on both sides of the transaction. Chris Abraham - Geneva Trading Brian Fletcher - Rice Dairy Marketing Tools Available to the IB/CTA There are many marketing tools that are available. CME Group has a wealth of tools available for your business to utilize. This discussion is focused on raising awareness of these tools and how your firm, your brokers and your customers can all potentially...

By NIBARead article
Rick Santelli - Keynote Speaker | NIBA Sept 13th
Member Announcements
September 5, 2018
1 min read

Rick Santelli - Keynote Speaker | NIBA Sept 13th

NIBA is pleased to announce CNBCs Rick Santelli to give this year's Keynote Address. Come hear Rick live and in person sharing his thoughts on the industry. "I believe there is only one regulation in life that works: failure." - Rick Santelli Space is limited....reserve your spot while seats are still available. Rick Santelli joined CNBC as on-air editor in June 1999, reporting live from the floor of the Chicago Mercantile Exchange. His focus is primarily on interest rates, foreign exchange and the Federal Reserve. Santelli is a regular contributor to CNBC's "Squawk on the Street " (M-F, 9AM-11AM ET). REGISTER HERE

By NIBARead article
Conference Session Preview - Compliance
August 30, 2018
3 min read

Conference Session Preview - Compliance

Have you attended compliance sessions in the past that have not quite addressed your concerns or perhaps hit topics that were interesting but not relevant to your firm? This year we have setup our compliance session just for you! The session titled "Whats on your Mind?" answers just that calling by creating an audience driven session. What does that mean exactly? You are in the driver's seat and can select in real time the compliance topics you would like to hear the panel discuss. This panel is a great mix of compliance experts and regulators. Below is a bio for each of our panelists: Matthew Kluchenek, Partner, Baker & McKenzie LLP Matthew Kluchenek heads the Firm's Global Derivatives and Hedge Fund practice. He regularly advises clients on a broad array of regulatory, transactional and enforcement matters involving the financial markets and financial products, drawing on deep business knowledge to deliver...

By NIBARead article
NIBA Fall Chicago Conference
Member Announcements
August 30, 2018
1 min read

NIBA Fall Chicago Conference

Registration is open and seats are filling up quickly.  The full agenda has been posted to the website.  This year's theme is "Business Development in a Regulated Environment"  Please use the following link to secure your spot at this year's conference: Conference Registration

By NIBARead article
NFA Promotional Material Filing
August 30, 2018
1 min read

NFA Promotional Material Filing

On Tuesday, August 14, 2018, NFA launched a new Promotional Material Filing System. The new system provides firms the ability to seamlessly track their promotional material submissions throughout the entire review process, access correspondence and communicate with NFA reviewers, and view previously-filed promotional material for reference. NFA held a webinar to educate firms on the new system.  If you were not able to attend the webinar you can find an archived version below. Promotional Material Filing System Webinar - Archived

By NIBARead article
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