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Reflections on 10 Years as a NIBA Board Member

Member Announcements

July 29, 2021

2 min read

Reflections on 10 Years as a NIBA Board Member

By – Barbara Schmidt-Bailey, CME Group Director of Client Development & Sales The first conference I attended a mere month into my tenure as a new CBOT, now CME Group, employee in the spring of 2001 was NIBA’s annual Chicago meeting. The event was a great representation of the Chicago futures industry, with IBs, FCMs and vendors in attendance and discussions circling around markets and outlook. It was clear to CME Group long before I joined that being a part of NIBA was an important way to support IBs and their customers on the ground around the country. Now in 2021, I’ve served on the NIBA Board for over 10 years. I greatly value the relationships I’ve built with numerous IBs and FCMs who continue to volunteer their time to NIBA to make sure that the IB community is well-informed on industry issues, well-represented with our regulators and educated on...

The NYSE FANG+ Index and NYSE FANG+ Index Futures

A Comparison to Other Indexes* The NYSE FANG+ Index is up 27.6% so far in 2020 (as of June 12, 2020) vs. 10.7% for the Nasdaq-100 and -5.9% for the S&P 500 Since the low index levels in mid-March, the NYSE FANG+ Index has rebounded significantly more than the other indexes, rising by 54.4% versus 37.9% for the Nasdaq-100 and 35.9% for the S&P 500 The equal weighting scheme coupled with the strong performance of most NYSE FANG+ stocks have been the major factors in the NYSE FANG+ index’s relative outperformance Eight NYSE FANG+ stocks are in the Nasdaq-100 and seven are in the S&P 500 The NYSE FANG+ Index includes Facebook, Apple, Amazon, Netflix, Google, and five other actively traded growth technology stocks NYSE FANG+ Index futures trade actively on ICE Futures U.S - Find out more… Key Points: Multiple market makers are streaming quotes and providing tight markets...

Why Smart Money Trades Spreads

With the unprecedented flow of volume into futures contracts, it comes as no surprise that there is a heightened interest in trading futures contracts. Liquidity, leverage, around the clock trading and potential tax advantages are among some of these great features. But one of the more useful features is the ability to spread futures contracts. Click Here for Full Article

Chairman's Letter - December 2019

Candy Canes and Cocoa Tariffs, Brexit, weather, trade wars -- 2019 has been quite a year. Even as markets and market participants have worked their way through disruption, NIBA has helped our members and their customers understand and use new rules, new products - indeed, new trading platforms! December marks the 28th and one/half anniversary of the NIBA. From a group primarily made-up of ag-related IBs who held their first planning meeting in a small room at the Italian Village Restaurant in Chicago, NIBA has grown to represent all IBs and CTAs who place trade globally for their customers. We have the support of all domestic FCMs that handle substantial retail business and service providers with unique products for the industry. NIBA is recognized and respected by our regulators, serving on advisory and committees, and called upon when comment and opinion is needed. To paraphrase a 1980’s perfume commercial, “We’ve...

NIBA Advisory Group

Thanks NIBA Advisory Group! Huge thanks to the NIBA Advisory Group (AG) for a great meeting! Group Chairman/NIBA board member Rodney Dow, R.W. Dow Corp., led the meeting on December 4 in Chicago. Each member came prepared to discuss the appropriateness/effectiveness of NIBA’s in-person events, its newsletter and the overall focus of its representation of its members. At the end of the afternoon, the AG concluded by identifying several areas in which NIBA could do better! NIBA’s Board of Directors will be working on the AG’s suggestions throughout 2020 - contact Rodney, rodney@dowcorp.com or Melinda, melinda@futuresrep.com if you want to add any suggestions or help implement NIBA’s move into and through 2020! Thank you to all who attended the reception following the meeting and to all who serve - Rodney Dow (Chairman), R.W. Dow Corp Makenzie Billings, CME Group Mike Dancey, MARI Rob DeMuria, Compliance Supervisors, Inc. Paul Georgy, Allendale,...

NIBA NYC - April 22, 2020

Have you registered for the 8th Annual NIBA Spring Members Event -- it is scheduled for April 22 at the New York Athletic Club. The afternoon event includes: What’s Going on with Interest Rates? Answers to Your Biggest Compliance Questions -- AML & Cybersecurity Tariffs, Weather and More - What every Broker Needs to Know “Armchair Icon” Cocktail Reception Registration is open now. This is NIBA’s 8th meeting at the New York Athletic Club -- it’s a beautiful place to connect with old friends and make new ones. Questions or suggestions - contact Howard Rennell, hrennell@e-windham.com or Steve Petillo, spetillo@straitsfinancial.com.

Save the Date: DePaul University Sixth Annual Cyber Risk Conference

Save the Date for DePaul University's Sixth Annual Cyber Risk Conference. NIBA Members receive 20% discount on registration. Please click here to register with the NIBA discount. Tuesday December 3rd 8:30am to 5:00pm CST DePaul University 1 E Jackson, 8th Floor Conference Center Room 8005  

NIBA Annual NYC Meeting - April 22

Registration is now open for the NIBA annual event in New York City. We will meet on the afternoon of April 22 for the seventh year in a row at the New York Athletic Club. We already have sessions in planning on compliance (with the NFA) and product/markets updates (with industry experts). The afternoon includes three-four business sessions and a networking cocktail reception. You will leave with actionable, affordable ideas to: - Grow your business - Better service your customers - Stay in compliance - And, make and renew professional and personal friendships. This year’s committee is chaired by Steve Petillo, spetillo@straitsfinancial.com and Melinda Schramm, melinda@futuresrep.com, and includes Andrew Aronson, andrew@ascentcm.com, Howard Rennell, hrennell@e-windham.com and Ryan Griffeth, ryan.griffeth@postrockbrokerage.com. If you’d like to volunteer for this committee or for any NIBA conference committee, please contact any of the above.

Chairman's Letter - November 2019

Turkey, Pumpkin Pie & Vodka Martinis It’s election time again. NFA has announced candidates for terms expiring -- you should have received their notice. This year, all candidates are running unopposed. Official results of that election will be announced in January. NFA is also launch several updates to the ORS system. The changes will include updates to applications and processes for both firm and individual registrations. NFA is holding a webinar on November 25 to explain updates - you must register to attend. NIBA also sent notice of two nominee candidates for our Board of Directors. Katie Tervin (Zaner Group) and John Roe (BTR Trading) are longtime members of NIBA - each has volunteered to plan and implement conferences and various other projects for years. The results of that election - along with various board-appointed positions, will be announced in December’s association newsletter. NIBA welcomes Phillip Capital as an Annual...

NFA webinars for Swaps Proficiency Requirements Administrators

NFA's Swaps Proficiency Requirements will launch and become accessible online on January 31, 2020. For details regarding who must fulfill these requirements, see Notice to Members I-19-09. Each NFA Member with associated persons (AP) required to take these requirements must designate at least one Swaps Proficiency Requirements Administrator (SPR Admin) who will coordinate enrollment and track progress. An SPR Admin must also be an ORS Security Manager. An NFA Member may designate an SPR Admin(s) on or after November 1, 2019. NFA will email specific instructions and the relevant link to Members on November 1st. NFA will hold the first of three webinars for SPR Admins next Wednesday, October 23, 2019 at 9:30 a.m. CT/10:30 a.m. ET. If you've already registered, thank you. We look forward to your participation. If you are interested in attending and haven't yet signed up, register now. NFA will hold two additional, identical webinars on...

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