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Member Announcements

September 20, 2017

2 min read

NIBA Membership Offer

The Board of Directors of the NIBA is pleased to announce that our 25th Anniversary gift to all registered IBs and CTAs is a complimentary 1-year association membership. Just click on https://www.theniba.com/set-password to obtain your member login password. The membership includes: • Complimentary attendance to networking events & conferences • Login access to the Members Only Portal, including research papers and industry related articles • Service provider announcements & discounts For more detailed instructions and help redeeming the offer, please head to https://www.theniba.com/membership-sign-up-help/ The 25th Anniversary Membership also includes a Basic Listing in the Online Broker Directory page of the NIBA website for all members who wish to provide basic firm information and a valid credit card in the enrollment section. There is NO COST for the Basic Listing and for your 1-year membership. The credit card information will only be used for membership renewal. You will be sent an...

Your Big Chance for Change

On May 3, 2017, the CFTC voted to seek public comment regarding the simplifying of Commission rules. “Project KiSS” under Chairman Giancarlo’s guidance, intends to conduct an internal, agency-wide review of CFTC rules and regulations. The purpose is to identify areas where the rules can be simplified to make them less burdensome and less costly. NIBA will be submitting a response to the CFTC invitation for public comment in behalf of the Association. In order to ensure that our submission fully and accurately reflects the opinions of the membership, I’m requesting that you send me a quick note identifying the CFTC regulation which is most difficult for you as an IB or CTA to comply with, and why. The difficulty might be because the rule is hard to understand or because it costs your firm a lot to implement compliance, or any other reason you want to point out. CFTC...

With Sympathy

Bob Wilmouth: Bob passed away September 14. He was well-known to all of us in the derivatives industry as the founding president of the National Futures Association (NFA) where he served as its first president until 2003. Prior to the NFA, Bob was the President and CEO of the Chicago Board of Trade (CBOT). In 2006, he was inducted into the FIA Futures Hall of Fame. Les Rosenthal: Les passed away September 16. Founder and managing member of Rosenthal Collins Group (RCG), Les began his career in the industry as a runner at the CBOT in 1951. He started Rosenthal & Co. in 1970. Les was one of the driving forces behind the development and launch of the GNMA futures contract, the first futures contract based on interest rates. Bill McGowan: Bill was the Managing Director of sales for Interactive Brokers Group (IB) in its Chicago office. He was responsible...

Chicago Conference Speaker Profile - Megan Glaros

  Megan Glaros is the meteorologist for the CBS 2 Chicago Morning News at 4:30, 5, and 6AM. Send An E-Mail To Megan Glaros She returns home to the midwest from WCBS-TV New York, where she had been the weekend morning meteorologist and entertainment reporter since 2008. Megan, a member of the National Weather Association, received her American Meteorological Society accreditation and its Seal of Approval in 2006. http://chicago.cbslocal.com/personality/megan-glaros/ From 2004-08, she worked as the morning and noon meteorologist at WPLG-TV in Miami, Florida. From there, she forecasted for some of the most active hurricane seasons on record, including Katrina, Rita and Wilma. In addition to reporting on weather at WPLG-TV, Megan hosted a weekly feature segment, Megan On The Move – where she showcased South Beach culture and entertainment. She also hosted a live, one-hour Monday Night Football countdown show from different locations in South Florida and has filled-in...

Chicago Conference Keynote Speaker Full Bio

  [caption id="attachment_8268" align="alignnone" width="300"] Mr. Jack Schwager[/caption] Mr. Schwager is a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com), and a Co-founder of FundSeeder Investments (FundSeederinvest.com), which seeks to connect properly regulated traders with sources of investment capital. Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities. Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of...

Liquidity Leaders: CME Group’s Leading Products Guide

View a quarterly listing of CME Group’s leading futures and options contracts. This guide shows the top contracts by asset class in terms of average daily volume and open interest. This resource also highlights information on recent product launches and global partnership data. Q2 Highlights: - Interest Rate OI reached a record 79 million contracts on June 15 - NYMEX WTI Crude Oil ADV surpassed 1.2 million contracts, +19% versus 2016 - FX large OI holders reached a new all-time record high of 1,106 contracts on June 6, up 19% Access Now

NIBA Annual Fall Chicago Conference

The Annual Fall Chicago Conference is the association's largest conference of the year hosted by the CME Group in Chicago. We had great success at our 25th Anniversary Conference last year and this year is shaping up to be our best one yet! The full agenda will be released in short order and this year will include never before seen sessions including a cryptocurrency trading panel and the "quant-corner" breakout session. We are also excited to have Chicago's very own Megan Glaros, Meteorologist for the CBS 2 Chicago Morning News speaking to the membership. Stay tuned for additional details and be sure to reserve your spot now.

Can Quantitative Analysis Hone a Discretionary Manager’s Edge?

What is a quant? Wikipedia definition: A quantitative analyst or, in financial jargon, a quant is a person who specializes in the application of mathematical and statistical methods – such as numerical or quantitative techniques – to financial and risk management problems. Amongst traders, “quant” may conjure an image of a nerdy programmer, but we may all employ quantitative analysis in our daily routines. (simple example- if freight train crossing, take longer distance route to save time). To get some perspective, Ryan Griffeth contacted Bernie Kane, who this year joined Ron Anderson as co-manager of County Cork’s discretionary Soybean Crush Spread strategy. RG: How does quantitative analysis differ from fundamental analysis BK: Fundamental analysis seeks to identify supply / demand imbalances. These imbalances can be at the consumption or user level or they can be at the producer level. If a product requires processing, the middle man can also experience...

NIBA/DePaul Internship Joint Endeavor

The NIBA Internship Program is underway! The idea for this internship program was proposed and found strong support among NIBAs Advisory Group. Qualified students will be matched with members looking for candidates trained in a broad array of critical sectors, including Finance, Statistics, Media, Marketing, and Law. To highlight one of our recent internship success stories, Muz Quadri, who completed his MS in Finance in June, combined an internship opportunity with Rice Dairy LLC while completing his final semester at DePaul. Rice Dairy LLC expressed that “Muz was very well prepared for his internship and a delight to work with. He utilized many of his well-developed academic skills by contributing to a number of comprehensive research and development projects, including co-authoring an article that was published in May.” The goal of our program is to foster meaningful development - for both the interns and the member. NIBA and DePaul are...

Announcement from NIBA BoD

As part of our 25th Anniversary celebration The NIBA Board of Directors are pleased to announce that all NFA registered IBs and CTAs will receive a complimentary one-year 25th Anniversary membership to the NIBA. The NIBA has been a resource to the trading and brokerage community for a quarter of a century and as a way of giving back and gearing up for the next 25 years we are excited to extend this offer to the community. NIBA President Mike Burke will be emailing each firm individually with details on how to take advantage of this special offer ahead of our annual Chicago conference. Thank you for your support of the last 25 years. If you haven't already be sure to visit the timeline on the NIBAs website to take a trip down memory lane and see the progression of this association and the accomplishments it has achieved over the...

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