NIBA Journal

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

September 26, 2019

NIBA Celebrates its 28th Annual Fall Meeting!

Thanks to all who helped make NIBA’s 28th Annual Fall Meeting a success. IIT, Stuart School of Business proved to be a great venue for the full-day of industry experts, exhibit hall sponsors and networking with old and new friends. Thank you to the event sponsors: IIT, Stuart School of Business CME Group Michael Coglianese, CPA Dorman Trading Greenberg Traurig Law Liccar CPA Midland IRA Nanhua USA Ruddy Gregory Law Quick Silver Studios This year’s Exhibit Hall included: Barchart, CME Group, Main St. Data, Midland IRA and the Small Exchange. Electronic take-home bags have been distributed to all registrants. A video of the program will be posted on the NIBA website in the next few days. Big thanks to this year’s conference committee: Ryan Griffeth, Postrock Brokerage; Steve Petillo, Straits Financial; Katie Tervin, Zaner Group; Danny Dorman, Dorman Trading; Alan Bush, ADM Investor Services; Jeff Gilfilian, Phillips Capital; Melinda Schramm,...

Stay Current with NFA Initiatives in Less Than Five Minutes

Today (8/29), NFA is releasing a new version of its quarterly Board Update Video covering important items from NFA's August Board Meeting. In less than five minutes, you will hear quick summaries of timely topics such as NFA's goals, cyber security, rulemaking initiatives and more from a variety of NFA representatives. You will also be directed to helpful resources available on our website for more details. This new streamlined video is just another way for Members to stay abreast of their regulatory obligations. Watch NFA's August Board Update Video. (Run Time 3:43) To subscribe to NFA's Board Update Video or other NFA communications, visit NFA's Subscription webpage.

NIBA Announces Chicago 2019 Keynote Session

Bryan Durkin & Andy Busch "Fireside Chat - The Future of Futures" NIBA Chicago Conference September 12th NIBA is pleased to announce this year's keynote session "The Future of Futures" featuring CME Group's President, Bryan Durkin and former CFTC Chief Market Intelligence Officer Andy Busch. These industry leaders bring their unique and interesting perspective to this forward looking discussion. We are as interested and excited as you to hear these two speak! Bryan T. Durkin serves as President of CME Group, the world’s leading and most diverse derivatives marketplace. He is responsible for overseeing the company’s Technology, Global Operations, Market Technology and Data Services, and International businesses. Durkin has been part of the futures industry in Chicago for more than 30 years, beginning his career with the Office of Investigations and Audits at the Chicago Board of Trade. He has held several key positions at CBOT, and then later at...

By NIBARead article

NFA announces webinar to debut redesigned BASIC system

August 28, 2019

2 min read

NFA announces webinar to debut redesigned BASIC system

On Thursday, August 29, NFA will launch its redesigned BASIC system, a free tool that NFA Members and investors can use to research the background of derivatives industry professionals. To walk Members through the new system, NFA will conduct a brief webinar on Thursday, August 29, 2019 at 9:30 a.m. CT. NFA's BASIC system was launched in 1999 and is one of the most frequently-used systems on NFA's website. The system contains current and historical CFTC registration and NFA membership information, FCM Members' financial data and NFA, CFTC and Exchange-contributed regulatory actions, among other information. The BASIC redesign project was driven by feedback from NFA Members, investors and other BASIC users and incorporates enhanced search functionality, mobile responsiveness and a modern, streamlined user interface. There is no charge to attend the webinar; however, registration is required. If you've already registered, thank you. We look forward to your participation on August...

Join NIBA Sept 12th @ Illinois Tech

You’re Invited - September 12, Illinois Tech, Chicago NIBA Membership Meetings are focused on topics which: Help you serve your clients better Stay in compliance with changing industry rules Grow your business and enhance your income NIBA meetings are planned by NIBA members working together as a committee to focus on issues which effect your business every day. Starting with the first NIBA Member Meeting way back in 1991, experts from inside and outside the industry have delivered the most relevant, most recent and most actionable information about product offerings, regulatory developments and marketing. Information that is compliant, and -- very important -- affordable for every type of member office. This year’s fall conference continues the NIBA’s 28-year tradition. A great program includes six business sessions, an exhibit hall, one-on-one meetings in the quant corner and a cocktail reception. See old friends and make new ones at our 2019 location,...

Conference Exhibit Hall

Join Us in the Exhibit Hall @ Illinois Tech - September 12 NIBA presents a unique opportunity for one-on-one conversations in the Exhibit Hall at the 28th Annual NIBA Member Meeting, Sept. 12 at Illinois Tech, 565 W. Adams. Each of the following will have a representative available to answer your questions about products and services which will aid your client service, help you stay in compliance and grow your revenue. Barchart CME Group Michael Coglianese, CPA Main Street Data Small Exchange For more information about the September 12 Exhibit Hall or becoming a Service Provider Member of the NIBA, contact Steve, spetillo@straitsfinancial.com.

NIBA/DePaul Summer Symposium Videos

NIBA is pleased to share the video taping of this year's NIBA/DePaul Summer Symposium. Thank you again for those who were able to attend in person, we appreciate your support. If we missed you please enjoy the following videos at your leisure. Feel free to drop us a line with any comments or feedback. Watch Symposium Here

Tools to Help Grow New Business

CME Group is committed to providing you with tools to help you grow new business. We’ve customized educational offerings in the mediums most conducive to you, including webinars, podcasts, whitepapers, and other digital content that you can promote via your intranet, external website, or in your customer communications. Check out a recent Trader’s Edge video as an example of what we can offer. See everything we have to offer here.

NIBA Chicago Conference Sept 12th

Registration Open for September 12, Illinois Tech Registration is open for NIBA’s Annual Fall Meeting, September 12 at Illinois Tech. Our 28th annual meeting includes a full-day of information, education and networking specifically focused on the issues that you handle in your office daily. Business Sessions Include: 1. Real-Time Compliance - you choose the subjects for our team of experts 2. Industry Disruptors Revealed - threats to operations you need to be aware of 3. Politics in Trading - learn how politics influence the markets 4. Grains Gone Wild - no explanation needed! 5. The Future of Futures - armchair interview with Brian Durkin, CME Group 6. You’ve Been Hacked - now what? Join us at our new location, Illinois Tech, 565 West Adams from 8am-5pm to: Meet the Quants Review New Products with our exchange members Visit the Exhibit Hall Our networking reception, sponsored by Greenberg Traurig Law, Michael...

Chairman's Letter - Aug 2019

August Month-Long Food Celebrations: Goat Cheese & Kiwi Fruit NIBA welcomes Main Street Data as an Annual Supporter. Main Street Data was formed in 2017 to bring precise data to the agriculture world. While data has improved in many other industries, agriculture remains behind the curve – and Main Street Data is here to change that. You can meet representatives of Main Street Data in our Exhibit Hall, at NIBA’s 28th Annual Fall Members Meeting. To become an Annual Supporter, contact me or Mike Burke, mikeb@highgroundtrading.com. The effective date of amendments to compliance rules and NFA interpretive notices which expressly incorporate supervisory requirements for IBs, CTAs, CPOs and FCMs who engage in swaps activities is September 30, 2019. Visit the NFA website for more information or check with your compliance officer. In July, FinCEN updated the list of FATF-identified jurisdictions with AML/CFT deficiencies. You should review the listings and make...

By NIBARead article

Page 12