NIBA 25th Anniversary - National Introducing Brokers Association

NIBA Timeline

NIBA Officially Launches

September 9, 1991

The NIBA is officially formed in July of 1991 to represent Introducing Brokers. Chairman, Melinda Schramm: “We think it’s long past due time that a segment of the industry with 1,800 members has an official voice.” OFFICIAL PRESS RELEASE

NIBA Partners with USDA

July 20, 1992

The NIBA partners with the USDA to help keep futures industry participants better informed through shared agricultural markets reports.

3rd Annual NIBA Conference

June 10, 1994

The 3rd Annual NIBA Conference is held at the Hyatt Recency in Chicago; NIBA partners with the Coffee, Sugar, and Cocoa Exchange. Free ethics training is offered to NIBA members.

Melinda Schramm Nominated to CFTC

August 10, 1995

NIBA Chairman Melinda Schramm is nominated for the CFTC by two Illinois Senators.

NIBA Participates in ATO Round Table

December 16, 1995

NIBA participates in the first ever round table on Agricultural Trade Options in Bloomington, Illinois.

First NIBA Journal Published

May 1, 1996

The first NIBA Journal is published and sent out to the member community.

NIBA Testifies in HTA Hearing

June 1, 1996

NIBA members testify before the U.S. House of Representatives in Washington D.C. regarding specifications in Hedge-to-Arrive contracts (HTAs).

NIBA Celebrates Its 5th Anniversary

September 9, 1996

The NIBA celebrates its 5th anniversary at the Intercontinental Hotel in Chicago, hosting an event with a focus on individual managed accounts.

NIBA Article Featured in Crop Insurance Today

February 1, 1997

The article “What the heck is an IB” authored by NIBA Chairman, Melinda Schramm, is featured in Crop Insurance Today magazine, and discussed how risk management education and programs can be distributed via introducing brokers. VIEW ARTICLE

1997 Conference at KBOT

September 1, 1997

The NIBA holds its annual conference in Kansas City at KBOT, with the Kansas Board of Trade as the official conference sponsor.

NIBA Appoints Board of Directors, Attends FIA Expo

October 14, 1998

NIBA appoints Board of Directors and attends its first year Futures Industry Association (FIA) 14th Annual Expo., Chicago, Illinois, October 14-16, 1998.

NIBA Testifies on CFTC Re-Authorization

February 8, 1999

NIBA representatives testify in front of the House Agricultural Committee in Washington, D.C. on the re-authorization of the CFTC.

NIBA Helps Industry Prepare for Y2K

November 7, 1999

NIBA hosts a variety of industry seminars to help the IBs and the derivatives community better prepare for Y2K.

NIBA Testifies on CFTC Re-Authorization

April 11, 2000

NIBA representatives testified in front of the U.S. Senate in Washington, D.C. on the re-authorization of the CFTC.

NIBA Holds Annual Board Meeting at MGEX

July 14, 2000

The NIBA holds its annual board meeting at the Minneapolis Grain Exchange (MGEX).

NIBA Lobbies, Wins Representation in NFA

August 8, 2001

NIBA lobbies for representation within the National Futures Association (NFA) and successfully expands its representation from 1 to 2.

NIBA Meets with Presidential Staff Over Futures Transactions

July 8, 2002

NIBA representatives meet with the staff of George W. Bush in Washington D.C. to discuss the association’s opposition to the attacks on futures transactions.

NIBA Promotes Education on Regulation Changes

March 16, 2004

NIBA holds formal seminars to further inform the IB community and derivatives industry on Anti-Money Laundering and CIP regulations and rule changes.

NIBA Hosts Webinar and Seminars on NFA Bylaw 1101

February 9, 2006

NIBA holds formal seminars to help educate the IB community and derivatives industry on NFA Bylaw 1101; NIBA hosts its first informative webinar.

NIBA Hosts First New York Member Meeting

October 11, 2006

NIBA hosts its first member meeting at the Exchange Building in New York City, presenting sessions focused on forex and managed money.

NIBA Publicly Supports NFA Notice Requirements

May 8, 2008

NIBA publicly supports the enhanced supervisory requirements as described in the NFA’s Interpretive Notice 9021.

NFA Publicly Supports Forex Requirements

July 18, 2008

NIBA publicly supports the NFA regulation requirements for forex trading.

NIBA Joins CFTC OCR Requirements Round Table

November 2, 2010

NIBA participates in the CFTC round table on Ownership and Control Reporting (OCR) Data requirements.

NIBA Urges IB Regulation Exemptions

March 11, 2011

NIBA representatives publicly urge exemption of IBs from CFTC Regulation 1.71, addressing conflicts of interest policies and procedures by futures commission merchants and introducing brokers.

NIBA Participates in MF Global Hearings

October 1, 2011

NIBA representatives participate in court hearings and petitioned to get broker commissions back from MF Global, filing court documentation and participating in the MF Global bankruptcies hearing.

NIBA Joins PFG Hearings

August 29, 2012

NIBA representatives actively voice the opinions of the IB community at the court hearings addressing the PFG failures.

NIBA Opposes NFA Requirements

June 12, 2013

NIBA representatives publicly oppose the NFA’s minimum capital requirements.

NIBA Hosts 1st Joint Meeting at Arditti Center

July 8, 2014

NIBA hosts its first Arditti Center (DePaul University) joint meeting on July 8th, discussing CFTC Regulation 1.22 and the growing asset class of Managed Futures.

NIBA Submits Opinion on CFTC Residual Interest Deadline

April 5, 2015

NIBA officially submits its public opinion on the CFTC Residual Interest Deadline for Futures Commission Merchants.

NIBA Logo Design Evolves

August 20, 2015

Moving to streamline its look and feel, the NIBA logo is redesigned.

NIBA Hosts Annual Board Meeting and Conference in New York

April 19, 2016

NIBA hosts its annual Board Meeting at the New York Athletic Club on April 19th, prior to the 2016 Annual New York Conference.

NIBA Hosts 2nd Annual Joint Meeting at Arditti Center

July 14, 2016

NIBA hosts its second Arditti Center (DePaul University) joint meeting in July, discussing Cybersecurity and as well as Managed Futures. Members were given codes for free AML and ethics training.