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Member Announcements

August 17, 2017

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Announcement from NIBA BoD

As part of our 25th Anniversary celebration The NIBA Board of Directors are pleased to announce that all NFA registered IBs and CTAs will receive a complimentary one-year 25th Anniversary membership to the NIBA. The NIBA has been a resource to the trading and brokerage community for a quarter of a century and as a way of giving back and gearing up for the next 25 years we are excited to extend this offer to the community. NIBA President Mike Burke will be emailing each firm individually with details on how to take advantage of this special offer ahead of our annual Chicago conference. Thank you for your support of the last 25 years. If you haven't already be sure to visit the timeline on the NIBAs website to take a trip down memory lane and see the progression of this association and the accomplishments it has achieved over the...

Chairman's Letter - August 2017

“Change is not merely necessary to life - it is life” - Alvin Toffler (1928-2016) Alvin Toffler was an American writer and futurist best known for his works on modern technologies and the communication revolution. The above quote appeared in Future Shock, first published in 1970. Changes which will have a profound effect on our professional lives have happened this summer. On August 3, the U.S. Senate unanimously voted to confirm Chris Giancarlo as Chairman of the CFTC. Commissioner Giancarlo spoken many times about reviewing current regulation. His KISS initiative is an example. He has also discussed rewriting swaps trading rules to better reflect the Dodd-Frank Act saying that the rules are “highly over engineered, disproportionately modeled on U.S. futures markets and biased against both human discretion and technological innovation.” Under his leadership, the Commission has recently extended temporary relief for certain position aggregation requirements until August, 2019. This change...

Interest in Cattle Futures has Never Been Higher

AT A GLANCE Massive herd expansion helps fuel surge in trading Analyst: Feedlots are in as good a position as they’ve been in years Beef producers are building the U.S. cattle herd at one of the fastest paces on record, as higher cattle prices and stronger exports fuel healthy profit margins. The expansion comes just a few years after the U.S. herd shrank to a six-decade low amid severe drought in the Southern U.S. Plains and near-record corn prices. The market resurgence is reflected in CME Group’s benchmark Live Cattle futures contract, for which the number of open positions, or open interest, has reached all-time highs. CME’s 10 highest-ever daily open interest figures for Live Cattle futures (the contract was launched in 1964) have been posted since late April, topped by 431,718 contracts at the close of trading May 2. Live cattle open interest averaged 407,800 contracts during June 2017,...

NIBA/DePaul Thank You!

This year's Annual Summer Symposium co-hosted by NIBA and DePaul University was a huge success. We would like to thank each and every one of you who attended and supported this event. We would also like to thank John Lothian who delivered an excellent key note speech to kick things off as well as the rest of our moderators and panelists. Special thanks to DePaul University who has been a tremendous partner and great resource for the association, its members and the industry at large. Below are a few pictures from the Symposium and check back soon for video of the event.

NIBA Fall Chicago Conference Announcement

NIBA is proud to announce that registration is now open for this year's Fall Chicago Conference. Be sure to reserve your spot early as space will be limited and check back to the website for updates and announcements on speakers and this year's agenda. https://www.theniba.com/niba-event/annual-niba-fall-chicago-conference/

Financial Trends to Watch in 2nd Half of 2017

Financial Trends to Watch in Second Half of 2017 The U.S. dollar losing its safe-haven status, euro gaining in value despite Fed rate hikes and regional trade pacts are among trends to watch through 2017. Access video to learn more.

Vela Trading Techologies to Purchase OptionsCity

Combined company will deliver an expanded set of front office products and services, including market access, risk management & analytics New York, London, Chicago, June 20, 2017 – Vela Trading Technologies LLC (Vela), a global leader in high performance trading and market data technology, has entered into a definitive agreement to acquire OptionsCity Software, a global provider of futures and options trading and analytics solutions. The OptionsCity acquisition will expand Vela’s front-office capabilities to include advanced analytics and risk management tools, enhance its market access managed services with additional trading and content solutions, and accelerate its data cloud strategy. The acquisition will also accelerate OptionsCity’s growth strategy, providing its clients with access to additional asset classes, trading venues, geographies, low-latency data feeds, and market access products. Jennifer Nayar, CEO of Vela, said, “This acquisition will continue to enhance the value we deliver to our clients. We are delighted to enhance...

Marketing Managed Accounts & Funds Panel Preview

We are pleased to have a panel this year that will focus on the regulatory considerations—the “traps”—that await CTAs who market funds or managed account programs. We will center on the key CFTC and NFA rules, and the issues spawned by those rules, and take a peek into the future with respect to potential developments. Topics will include the treatment of performance results and proprietary trading results. We’ll also look at the impact of the JOBS Act on fund-raising, and what’s been keeping the regulators’ enforcement teams busy. Ultimately, the goal is to provide you with hands-on advice and insights. If you have not already registered please do so at the following link and keep in mind there is limited capacity at this event: Register HERE

Chairman's Letter - July 2017

“Taking it to a Whole ‘Nother Level” - Eugene Struthers (2004-2009) Keegan-Michael Key, American writer and actor uttered this famous phrase in character as “Eugene Struthers” on the late night comedy show MadTV each time he expressed his very passionate desire to know more about a person or subject. At the 4th Annual NIBA/DePaul University Joint Symposium, we’ll be taking it to a whole ‘nother level with three business sessions presented by nine industry experts. The Symposium, July 20 from 1:30-6:30pm at the Chicago downtown campus of DePaul University is free for all registered derivatives professionals. Space is limited; advance registration is required. (LINK Here) We’re very excited to have John Lothian, Executive Chair and co-founder of MarketsWiki kick-off the event with his Keynote speech entitled “Brexit & Other Extraordinary Popular Delusions.” If you are wondering how Brexit will affect your FCM and by extension, your business, you cannot afford...

John Lothian Keynote Speaker Preview

John Lothian's keynote speech at the NIBA-DePaul Symposium is titled "Brexit and other Extraordinary Popular Delusions." The former Introducing Broker and longtime newsletter publisher will reflect on the potential impact of Brexit and other macro influences on the industry and markets. If you have not already registered please do so at the following link and keep in mind there is limited capacity at this event: Register HERE

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