Chairman's Message | February 2012
Back to Journal

Chairman's Message | February 2012

N
Written by
NIBA
Published
Reading time
2 min

Dear Members -

On April 18, 2012 you will have the opportunity to ask the CFTC what went wrong at MF Global. We are honored to have Commissioner Jill Sommers speaking to our membership at our annual spring conference. She is the Senior Commissioner with respect to MF Global matter and, as such, Ms. Sommers has testified before both U.S. House of Representatives and Senate committees. Her responsibilities in that matter include exercising executive and administrative authority of the commission in:

  • The pending enforcement investigation
  • The pending bankruptcy actions of both the MFG BD/FCM and the parent company
  • Other actions to recover customer funds and determine reason for the shortfalls in customer funds

In addition to Ms. Sommers’ session, the April 18 meeting will feature a discussion on:

  • The pros and cons of cash v. exchange-traded forex
  • How to evaluate the risk of doing business with your FCM
  • A client-driven update from Telvent DTN
  • Our semi-annual legal review including CFTC and NFA actions and proposals

NIBA is proud to invite members to our conference free of charge. Just make sure your membership is current, then choose the ‘NIBA Member’ category on the registration form. Be sure to register by April 13 to avoid the $25 late fee.

Best Regards,
Melinda

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...