NIBA - Celebrating 35 Years
Introducing Broker Survey 2018 - Response Deadline Jan 31st
Back to Journal
Member Announcements

Introducing Broker Survey 2018 - Response Deadline Jan 31st

N
Written by
NIBA
Published
Reading time
2 min
NIBA Members & Colleagues - In 1999, the first year I partnered with the CME Group to write The Complete IB Handbook, there were 1,564 firms registered with the NFA as Introducing Brokers (IBs) -- 404 as Independent (IIBs) and 1,160 as Guaranteed (GIBs). By 2012, while the industry was still reeling from the failures of MF Global and Peregrine Financial Group, and the IB community suffered terribly as a result, the NFA reported a total of 1,348 registered IBs -- 497 IIBs and 851 GIBs. Throughout industry ups and downs, IBs have continued to play an essential role, bringing both hedgers and speculators into the market. IBs have grown and evolved along with the needs of their customers and the globalization of the industry. Your IB provides unique, customized services to your clients alongside all the “basics” necessary to participate in the fast-moving, highly competitive marketplace. During November of 2017, NFA records indicated there were 1,201 entities registered as IBs -- 586 as IIBs and 615 as GIBs. The Complete IB Handbook discusses some of the reasons for the shift in registration status in addition to providing a business blueprint for both the start-up and experienced IB. I wrote the survey the CME Group recently sent you. I use the information you provide to update the Handbook, keeping it  current and relevant. The CME Group uses your feedback in significant part, to determine how effective its education and marketing reach-out is, and how to change or update the reach-out to better provide you with all the tools you need to service your clients. Please review and return the IB Survey today. If you have any questions or suggestions, please don’t hesitate to contact me, melinda@futuresrep.com or Barbara Schmidt-Bailey at the CME Group, barbara.schmidt-bailey@cmegroup.com, No individual is ever identified; the survey results are reported in the aggregate.The completed handbook will be available on the CME website and on the NIBA website early second quarter 2018. Access IB Survey Here Thank you, 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...