NIBA Journal

Insights, analysis, and updates from the National Introducing Brokers Association

January 31, 2020

NIBA Happenings 2020

Best Wishes for a Healthy and Prosperous New Year from the NIBA! Join us throughout 2020 for educational, informative and actionable events: April 22 - New York Athletic Club, NYC (Register NOW!) July 16 - Joint Symposium/DePaul University, Chicago October 1 - Fall Members Confererence, IIT, Chicago Watch for NIBA Newsletters, Regulatory Updates and White Papers/Articles on the NIBA website - theniba.com, in your email box and on social media. Since 1991, NIBA has represented registered derivatives professionals, providing the education you need to help you service your clients, stay in compliance and grow your businesses. Mark your calendar now to keep learning and growing with the NIBA.

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

By NIBARead article

December 19, 2019

1 min read

Watch NFA's latest Board Update Video

Have five minutes? Watch NFA's latest Board Update Video NFA released its latest Board Update Video. This video covers important items from NFA's November Board Meeting, including rulemaking initiatives, enterprise risk management, and new NFA Officer appointments. NFA's quarterly Board Update videos are a way for Members to quickly stay abreast of regulatory obligations and other initiatives. Click here to Watch NFA's November Board Update Video. (Run Time: 3m:14s)

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  

By NIBARead article

NFA Dues surcharge for certain Member firms engaged in Swaps Activities

November 21, 2019

3 min read

NFA Dues surcharge for certain Member firms engaged in Swaps Activities

Effective date of dues surcharge for certain Member firms engaged in swaps activities In May 2019, NFA issued Notice to Members I-19-13 announcing that NFA's Board of Directors approved an annual dues surcharge of $1,750 on certain NFA Members including FCMs for which NFA is the DSRO, IBs, CPOs and CTAs that are approved as swap firms pursuant to NFA Bylaw 301(l)1. The Board determined to impose this surcharge on these firms since NFA does not currently assess any fees related to NFA's oversight of their swaps activities. The CFTC recently approved the amendments to NFA Bylaw 1301 imposing this dues surcharge. Effective date The dues surcharge will become effective on January 1, 2020 and will be included in all invoices of swap-approved or swap-pending Member firms for membership dues payable after that date. NFA will invoice the new membership dues for the following membership year approximately 45 days before...

Volatility in the Crosshairs: 3-Part Series

Join CME Group’s Senior Director of Education, Dave Lerman as he discusses volatility from a slightly different perspective, attempting to distinguish average levels of volatility from above average volatility. Read Full Discussion Here

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.

By NIBARead article

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