Back to Journal

Member Announcements

Chairman's Letter - July 2019

N

Written by

NIBA

Published

July 16, 2019

Reading time

2 min

National Hot Dog Month National Ice Cream Month On July 15, Heath Tarbert took over as Chairman of the Commodity Futures Trading Commission (CFTC) replacing Chris Giancarlo who served for five years. The industry’s big question as posed by FIA SmartBrief is, will he be as supportive of the cryptoasset and fintech industries as his predecessor? Tarbert is an attorney who clerked for Supreme Court Justice Clarence Thomas, was associate counsel for George W. Bush and focused on global financial regulation when he was in private legal practice. Most recently, he served in the Trump administration’s department of the Treasury, representing it at the G7 summit among others. Tarbert was confirmed by an 84-9 vote in the Senate and received the support of several industry groups -- so we will be watching closely as he takes the regulatory reins. FIA Law & Compliance presents a webinar discussion focused on the CFTC Division of Enforcement Manual on July 18. The manual is meant to create better public and industry transparency into the operations of this division. Register on the FIA website. On August 1, the Union League Club, Chicago will host FIA. Walt Lukken, President, will present the Futures Industry Association Annual Update. Register at the website Thanks to everyone who planned, sponsored and spoke at last week’s 6th Annual NIBA/DePaul University Symposium. All three business sessions were taped and will be available on NIBA’s website soon. Registration for NIBA’s fall membership conference is now open. The full-day meeting is scheduled for September 12 at a new venue and NIBA supporter, Illinois Tech - 565 W. Adams Street, Chicago. See you there.

Melinda Schramm, Founder & Chairman melinda@futuresrep.com

Stay Informed

Subscribe to the NIBA Journal for the latest insights and industry updates

Related Articles

Member Announcements

Special Alert: Introducing Brokers will be featured at FIA EXPO 2025

FIA Futures and Options Expo returns to the Sheraton Grand Chicago Riverwalk November 17 & 18th. SPECIAL ALERT: For the first time in several years, Introducing Brokers will be featured at EXPO. On Tuesday, November 18, 3:15pm IBs will present a panel you don't want to miss! Introduced by Melinda Schramm, President of MHS Capital Resource and Founder & Chairman of the NIBA, the panel includes: Morad Askar, EdgeClear Elaine Levin, Powerhouse TL Steve Petillo, Pinion Global Abbey Wilkins, Sweet Futures Matt Kluchenek, Katten Muchin This panel will discuss how Introducing Brokers are viewing and meeting industry and technology changes that are impacting our relationships with our customers, our FCMs and our trading platforms. Click here to view the full...

October 23, 2025

Member Announcements

From the Classroom to the Trading Floor

There is no single, clearly defined education path for entering the derivatives industry as professionals come from a range of academic backgrounds. Still, higher education plays a crucial role in preparing students for success in this complex and fast-evolving field. A strong foundation in finance, economics, and mathematics is essential. At the undergraduate level, students should prioritize courses in financial markets and institutions, investment analysis, corporate finance, and introductory derivatives. Just as important are courses in statistics and calculus, which help build the analytical and quantitative skills required for understanding pricing models, volatility, and risk management strategies. With the increasing reliance on algorithmic trading and quantitative research, a concentration or minor in applied mathematics, data science, or computer programming can...

Member Announcements

From Insight to Impact: Building a Risk-Smart Community

With a more complex global environment and continuous financial innovation, new and more sophisticated areas of risk have emerged. At the same time, rapid advances in artificial intelligence (AI) and machine learning offer powerful opportunities for private sector firms and financial institutions to enhance their risk management capabilities. Honoring a Legacy: The Founding and Mission of the Arditti Center Founded in 2006, the Arditti Center for Risk Management honors the life and legacy of the late Fred Arditti - a distinguished economist, pioneer in the futures industry, and former executive at the Chicago Mercantile Exchange - who also served as a member of DePaul University's finance faculty. The Center promotes the development of the risk management field by bridging the...