NIBA - Celebrating 35 Years
Back to Journal
Member Announcements

Chairman's Letter - June 2018

N
Written by
NIBA
Published
Reading time
2 min
Scholars generally agree that June is named after Lucius Junius Brutus (545-509 BC), the soldier-legislator credited with founding the Roman Republic after he overthrew its longstanding monarchy. In addition to being the most popular month for weddings in the United States, June also includes National Ice Cream Soda Day (June 20) and National Take Your Dog to Work Day (June 23). On June 5, NFA announced its intent to develop proficiency requirements for individuals who engage in swaps activities. The program will be applicable to all APs at FCMs, IBs, CTAs, CPOs and APs at swaps dealers and accessible online. NFA has formed an Advisory Committee to develop the requirements, and invites members to provide input or suggestions. Call Kristen Scaletta, Associate Director of Communications at (312)781-7860 or send her an email, kscaletta@nfa.futures.org. The CFTC held an open meeting on June 4 to discuss among other issues: (i) proposed rule revisions to prohibitions and restrictions on proprietary trading, and certain interests in and relationships with hedge funds and private equity funds; and (ii) the proposed rule de minimis exception to swap dealer registration. The live webcast can be viewed on CFTC’s website. MFA’s Forum 2018 Conference will be held at the Four Seasons Hotel in Chicago on June 21. Conference programming focuses on key investor trends, regulation and economic indicators that affect hedge fund industry traders. The full agenda and registration form are found on MFA’s Website. Leo Melamed and Carl Luft will open open the 5th Annual NIBA/DePaul Symposium, August 8 with an arm-chair chat. Mr. Melamed, Chairman Emertius of CME Group and pioneer of financial futures, and Dr. Luft, Academic Director of Arditti Center for Risk Management and DePaul University Associate Professor will discuss financial industry history , where were in the process now and what new frontiers and opportunities the industry offers. Personally...I can’t wait to see this session! Registration is open now. Have you claimed your NIBA membership? Free member and benefits are still available to all registered IBs and CTAs, but expire soon. For more information on your membership or for help accessing your free web directory listing, contact IB/CTA Membership Chair, Brad bjanitz@midlandira.com. Whether you indulge in an ice cream soda on June 20 or take your dog to work on the 23th, take a minute or two to claim your free NIBA membership now! Best, Melinda Melinda Schramm, Founder & Chairman melinda@futuresrep.com

Stay Informed

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

Related Articles

View All
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...

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...