NIBA - Celebrating 35 Years
Chairman's Letter - Dec 2017
Back to Journal
Member Announcements

Chairman's Letter - Dec 2017

N
Written by
NIBA
Published
Reading time
2 min
“Elections belong to the people...” Abraham Lincoln, 1809-1865 Abraham Lincoln was the 16th President of the United States from 1861 until he was assassinated in 1865, and stated the above during the Lincoln-Douglas debates of 1858 when he was a candidate for U.S. Senate. The NFA has announced candidates for various positions on its board of directors. The nomination for the Guaranteed Introducing Broker (GIB) position is Scott Stewart, CEO  of Stewart-Peterson Group in West Bend, WI.  Scott served as the Chairman of the NFA IB Advisory Committee for several years, and is a past president of the NIBA. Scott would fill the position held since 1999 by Paul Georgy, who announced his retirement from the NFA board earlier this fall. Doug Bry, Welton Investment Partners and Brendan Kalb, AQR Capital Management are nominated in the CTA/CPO category where there are two positions open. Both men have significant experience in the industry. NIBA encourages all registrants to get to know these candidates, and their positions on issues important to our daily business lives. When/if the IB and CTA/CPO candidates publish position papers, we will post them. Sue Martin, Ag & Investment Services and Gerald Trevino, Lochridge Investment Advisors, LLC are nominated for the IB and CTA/CPO nominating committees respectively. Last month, NIBA held its annual election to fill positions on our Board of Directors. Congratulations to Mark Shore, Chief Research Officer of Shore Capital Research, LLC and Adjunct Professor at DePaul University who was elected to a three year term. Brad Janitz, Vice-President of Midland IRA, longtime service-provider member and supporter of NIBA, was appointed to a three-year term of office. Officers for the coming year are: Chairman of the Board:       Melinda Schramm, MHS Capital Resource, Inc. President:                              Mike Burke, Highground Trading VP/Secretary:                       Ryan Griffeth, Postrock Brokerage Treasurer:                             Mike Coglianese, Michael Coglianese, CPA Past President:                     Steve Petillo, Nevermore Alternatives Huge thanks to our retiring board members - John Jensen, Heritage West Financial; William Gallwas, Striker Securities; and, Ralph Preston, also of Heritage West Financial. Their expertise, wise counsel and love of the industry has helped to create a strong, respected NIBA. Best wishes for a happy, healthy holiday and a prosperous 2018. Melinda Schramm Founder & Chairman melinda@futuresrep.com

Stay Informed

Subscribe to the NIBA Journal for the latest insights and industry updates

Related Articles

View All
NIBA Rings CBOE Closing Bell – 35th Anniversary Celebration
Member Announcements

NIBA Rings CBOE Closing Bell – 35th Anniversary Celebration

The National Introducing Brokers Association (NIBA) had the distinct honor of ringing the closing bell on the floor of the Chicago Board Options Exchange as part of our 35th anniversary celebrations. Surrounded by the energy and camaraderie of the trading floor community, NIBA Chairman, Melinda Schramm and NIBA board members marked this milestone by participating in a time-honored market tradition that symbolizes the close of trading and the collective spirit of our industry. This moment not only highlights NIBA’s enduring role in the futures and options markets but also reinforces the deep connections we share with the broader trading community — a vibrant network of professionals committed to growth, integrity, and innovation. Watch the video below to relive this special...

Special Alert: Introducing Brokers will be featured at FIA EXPO 2025
Member Announcements

Special Alert: Introducing Brokers will be featured at FIA EXPO 2025

FIA Futures and Options Expo returns to the Sheraton Grand Chicago Riverwalk November 17 & 18th. SPECIAL ALERT: For the first time in several years, Introducing Brokers will be featured at EXPO. On Tuesday, November 18, 3:15pm IBs will present a panel you don't want to miss! Introduced by Melinda Schramm, President of MHS Capital Resource and Founder & Chairman of the NIBA, the panel includes: Morad Askar, EdgeClear Elaine Levin, Powerhouse TL Steve Petillo, Pinion Global Abbey Wilkins, Sweet Futures Matt Kluchenek, Katten Muchin This panel will discuss how Introducing Brokers are viewing and meeting industry and technology changes that are impacting our relationships with our customers, our FCMs and our trading platforms. Click here to view the full...

From the Classroom to the Trading Floor
Member Announcements

From the Classroom to the Trading Floor

There is no single, clearly defined education path for entering the derivatives industry as professionals come from a range of academic backgrounds. Still, higher education plays a crucial role in preparing students for success in this complex and fast-evolving field. A strong foundation in finance, economics, and mathematics is essential. At the undergraduate level, students should prioritize courses in financial markets and institutions, investment analysis, corporate finance, and introductory derivatives. Just as important are courses in statistics and calculus, which help build the analytical and quantitative skills required for understanding pricing models, volatility, and risk management strategies. With the increasing reliance on algorithmic trading and quantitative research, a concentration or minor in applied mathematics, data science, or computer programming can...