NIBA Journal

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

September 8, 2022

NIBA/DePaul 7th Annual Symposium - Session Summaries

NIBA is excited to be back in person and continue the annual Joint NIBA/DePaul Symposiums. Here we take a deeper dive into what will be discussed throughout the program. If you have yet to register please do so as space is filling up quickly. Register Here. [Session 1] Blockchain: A Financial Industry Evolution Blockchain is revolutionizing the way companies do business globally. From enhanced security to expedited payment and robust contract administration, Blockchain has already changed outdated and archaic processes in the financial industry. But how is it all being achieved and how does it impact your daily business? Yuri Zamostin, CEO of Coinifide will start off this session by explaining exactly what Blockchain is...and why you need to know more. He'll share examples of its applications in use in our industry currently, and preview what the future holds. Join in the session discussion as Mark Shore, from DePaul University...

Featured Speakers - NIBA/DePaul University Joint Symposium 2022

We are pleased to introduce our featured speakers at the 2022 NIBA/DePaul University Joint Symposium. Please click here for the full agenda and registration information. Melinda Schramm, Founder & Chairman, NIBA I’m celebrating my 46th anniversary in the futures and options industry this year. From running orders on the old Mid-Am exchange to FCM executive to owning my own shop...it's a great career! I currently serve on the NFA IB Advisory and Hearing Committees; I have testified before Congress, the CFTC and in court numerous times to stand-up for the NIBA community; and, I am the author of The Complete IB Handbook, now in its 9th Edition. I founded NIBA in 1991 to give derivatives professionals a voice in their own regulation and to provide education in order to better serve their clients, stay in compliance and grow their businesses. I’m also an attorney focused on Intellectual Property and a...

7th Annual Joint NIBA/DePaul University Symposium

NIBA is pleased to announce the 7th Annual Joint NIBA/DePaul University Symposium for 2022. This is our first time back in person and we could not be more excited to get back together with membership. This year's Symposium is on September 15th and is a half day program beginning at 1:30pm. The event is offered in a hybrid format. For those of you who will be joining in person the event will be at the DePaul University Loop campus on the 8th floor and will be followed by a networking cocktail reception on the rooftop terrace. In-person capacity is limited so we encourage you to register early for this event. This year's Symposium will tackle relevant topics with top industry professionals. Please take a look at the event page to view the full agenda and list of speakers. https://www.theniba.com/niba-event/annual-joint-niba-depaul-university-symposium-3/ Thank you to this year's event sponsors  

Inflation Dynamics, Geopolitical Risks and Commodity Markets

NIBA invites you to join us on June 9th at 3:30pm CT for a conversation with Erik Norland, Executive Director and Senior Economist at CME Group. Erik will discuss the following topics: Russia, China and Global Supply Lines How does inflation impact agricultural goods markets? Will China’s slowing economy bring a halt to the commodity rally? What does tighter U.S. monetary policy mean for currencies and for agricultural goods prices? Complete your registration by following the link below. Further instructions on joining will be provided following registration. Please contact events@cmegroup.com if you have any questions. Event Partner

Your NIBA Membership

For over 30 years, NIBA has voiced the opinion of the Association to our regulators, and provided education you need for business growth. During the past year, your support and commitment to the NIBA have helped the Association to: Represent NIBA opinions to the CFTC (most recently during the 5/25/22 Roundtable) Interact with NFA and CME Group to present five free-to-all seminars Keep NIBA’s online Broker Directory the most-searched section of our website Create and deliver a twice-monthly newsletter directly to your in-box Thank You! I’m writing today to ask you to renew your NIBA membership as a Premium Member. Your Premium Membership of $150 helps the Association: Participate in rulemaking at the CFTC and with our other regulators Upgrade NIBA Archives and our online Broker Directory Provide in-person and hybrid member events with our education partners – Save Sept. 15, 2022 - more on that joint DePaul University event...

NIBA Membership Call to Action

We value your support! This is a call to action for all Introducing Brokers, CTAs, and CPOs to join or upgrade your membership with the NIBA. We have been showcasing new industry products over the past few months, held events around regulatory challenges, and will be bringing back conferences in Fall of 2022. It is our mission to provide these educational and social events for the derivatives industry and look forward to continuing the effort as we try to put Covid in our review mirror. We need the industry support to continue this effort and ask that you jump aboard the NIBA today by joining as a premium member. Benefits Directory Listing as NIBA Member Industry networking through live events (cocktail parties, conferences) Keep up with new industry products and regulatory changes Lobbying efforts to regulators on behalf of the industry. For $150/year, join as a premium member and receive...

By NIBARead article

Expanded CFTC Enforcement Under Rule 180.1

April 27, 2022

4 min read

Expanded CFTC Enforcement Under Rule 180.1

In the last few years, CFTC has used CFTC Rule 180.1 to pursue claims as frequently, if not with greater frequency, than claims brought under traditional fraud provisions such as Sections 4c and 6c of the Commodity Exchange Act, which are the statutory provisions under which CFTC Rule 180.1 was adopted. This article will provide a brief overview of cases that provide insight into the expanded scope and reach of enforcement efforts by CFTC under Rule 180.1. Prior to adoption of CFTC Rule 180.1 in 2011, CFTC had limited authority to bring enforcement actions involving the use of non-public information. Before adoption of the rule, the Commodity Exchange Act only prohibited insider trading claims involving the misuse of confidential information by CFTC employees, exchange employees or employees of SROs. This narrow reach has been expanded under CFTC Rule 180.1 to include the misuse of confidential information by any person from...

By NIBARead article

NFA and NIBA announce joint webinar: Supervision in a Hybrid Environment

November 23, 2021

1 min read

NFA and NIBA announce joint webinar: Supervision in a Hybrid Environment

On Tuesday, December 7, 2021 at 3:30 p.m. CT/4:30 p.m. ET, NFA and the NIBA will hold a webinar discussing NFA supervision requirements as they pertain to hybrid and remote work environments. During the webinar, representatives from NFA and the NIBA will discuss, among other things: Oversight of remote APs and employees; Supervision of broker communications, order handling and trading activities; Technology and information security; and Recordkeeping. Representatives will also respond to questions submitted by attendees. There is no charge to attend the webinar; however, registration is required. An archived version of the webinar and a transcript will be available on NFA's website following the live presentation.

DePaul University's Arditti Center for Risk Management hosts 8th Annual Cyber Risk Conference

DePaul University's Arditti Center for Risk Management hosts its 8th Annual Cyber Risk Conference on Tuesday, November 30th. The early bird discount ends on November 22nd. The below link is a 20% discount on top of the early bird discount. NIBA members will continue to receive a 20% discount after the early bird pricing ends. About this event The attendees have a choice of attending in-person or via Zoom. In-person is limited to 50 attendees. The remainder of the attendees will be online. Attendees must register in advance to attend. The three panels of the event include: Prepare or Pay: The Current Ransomware and Supply Chain Landscape Teamwork on Legal & Insurance Issues Teamwork, building a stronger team together Some of the Panelists include: Ricardo Lafosse, CISO, Kraft Heinz Company Parham Eftekhari, senior vice president, and executive director, The Cybersecurity Collaborative Elizabeth Khalil, managing director, AGC, US chief privacy counsel,...

The 2021 Edition of The Complete IB Handbook

"The 2021 edition of The Complete IB Handbook" is now available. The Complete IB Handbook has guided the industry with exclusive insights for years. Recently released, the ninth edition of the Complete IB Handbook offers a full guide to doing business as an introducing broker ‒ sponsored by CME Group and written by Melinda Schramm, Founder and Chairman of the National Introducing Brokers Association (NIBA). The handbook compiles survey data from National Futures Association (NFA) registered introducing brokers and provides an updated view of the IB community. View The 2021 edition of The Complete IB Handbook Here

By NIBARead article

Page 4