NIBA - Celebrating 35 Years
Chairman's Letter - Jan 2019
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Chairman's Letter - Jan 2019

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Month-Long Celebrations: National Soup and National Prune Month For some, January is the opening to new beginnings. For the NIBA, it means the continuation of our commitment to our members to provide education for your business growth and a forum in which to exchange ideas. Mark your calendar now to attend the three in-person programs scheduled for 2019: April 10: NIBA Spring Meeting, New York Athletic Club, NYC July 11: 6th Annual DePaul University/NIBA Joint Symposium, DePaul University, Chicago Sept. 12: NIBA Annual Members Meeting, Illinois Tech, Chicago On January 17, the FIA will present a webinar on spoofing, surveillance and supervision. The CFTC continues to aggressively pursue spoofing cases against traders and has expanded its enforcement efforts to target firms for failing to supervise their traders. Check the FIA website for details on how to attend the webinar. CME Group has a new post by Blu Putnam entitled “Is the Government Shutdown a Prelude to a Debt Ceiling Debate?” Blu is the Managing Director and Chief Economist of the exchange. He never fails to present the issues clearly -- check out this post here. Reuters reports the HSBC has settled more than 3 million FX trades worth $250 billion using blockchain technology. These numbers represent a milestone for blockchain use in this sector, and many consider it a sign of things to come for the industry. On February 5, the NFA will hold its annual members meeting. This meeting, held at NFA Chicago headquarters is open to all NFA members -- I will be attending again this year, and encourage you as well. If you can’t make the meeting, but would like the NFA staff to address a specific question, please send me a note melinda@futuresrep.com. I’ll take your concerns to the NFA without revealing individual names. Have you claimed your NIBA membership and updated your firm’s directory listing? It’s easy -- just visit the membership portion of NIBA’s website! Need help or have questions -- contact IB/CTA Membership Chair, Brad Janitz, bjanitz@midlandira.com. Best wishes for a healthy, safe and prosperous 2019, Melinda Melinda Schramm, Founder & Chairman melinda@futuresrep.com

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