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

Chairman's Letter - March 2017

N
Written by
NIBA
Published
Reading time
2 min
“I don’t mind going back to daylight saving time. With inflation, the hour will be the only thing I’ve saved all year.” Victor Borge, 1909-2000 Victor Borge was an Danish and American comedian, conductor and pianist, popular on radio and television in Europe and the United States. He was often referred to as “The Clown Prince of Denmark.” I am writing this during the snowstorm following the Sunday we “sprung forward” to change our clocks to daylight saving time, and, like Victor Borge, I want to make the most of my “saved hour,” and let NIBA members know how to use theirs too. First I’m going to the Members Resources portal on theniba.com in my “saved hour.” I’m going to read “How to Use Twitter” submitted by Shane Stiles, Gate 39 Media Then I’m moving on to the submission from Great Lakes Credit Union and finally, the article entitled “Decoding the Myth of Managed Futures” written by Mark Shore. Of course, I’m currently reviewing “The Complete IB Handbook” also posted in the Members Resource portal, since I’m the author! Soon I will be posting a new update of the Handbook, now in its 7th edition and still sponsored by CME Group. Next I’m going to review “Ask the NFA” posted in NIBA’s February issue. I’m also going to add up three or four hours of my “saved hours” to attend the NIBA Spring Symposium on April 26 at the New York Athletic Club, NYC. The program includes three business sessions and a networking reception. This year’s symposium is sponsored by CME Group, OptionsCity and Straits Financial. This year’s program committee is chaired by Howard Rennell; the committee includes Mike Burke, Mike Coglianese, Ryan Griffeth, Paul Fry, Steve Petillo, Rich Strait and Melinda Schramm. Registration is open now -- contact Howard at hrennell@e-windham.com or any committee member for details. Between our very busy professional lives and equally jam-packed personal lives, having a “saved hour” is a pretty special thing. NIBA offers some great ways to use it - please join us. Best, Melinda 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...