NIBA - Celebrating 35 Years

NIBA Journal

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

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Member Announcements
3 min read

Chairman's Letter - August 2017

“Change is not merely necessary to life - it is life” - Alvin Toffler (1928-2016) Alvin Toffler was an American writer and futurist best known for his works on modern technologies and the communication revolution. The above quote appeared in Future Shock, first published in 1970. Changes which will have a profound effect on our professional lives have happened this summer. On August 3, the U.S. Senate unanimously voted to confirm Chris Giancarlo as Chairman of the CFTC. Commissioner Giancarlo spoken many times about reviewing current regulation. His KISS initiative is an example. He has also discussed rewriting swaps trading rules to better reflect the Dodd-Frank Act saying that the rules are “highly over engineered, disproportionately modeled on U.S. futures markets and biased against both human discretion and technological innovation.” Under his leadership, the Commission has recently extended temporary relief for certain position aggregation requirements until August, 2019. This change...

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Member Announcements
5 min read

Interest in Cattle Futures has Never Been Higher

AT A GLANCE Massive herd expansion helps fuel surge in trading Analyst: Feedlots are in as good a position as they’ve been in years Beef producers are building the U.S. cattle herd at one of the fastest paces on record, as higher cattle prices and stronger exports fuel healthy profit margins. The expansion comes just a few years after the U.S. herd shrank to a six-decade low amid severe drought in the Southern U.S. Plains and near-record corn prices. The market resurgence is reflected in CME Group’s benchmark Live Cattle futures contract, for which the number of open positions, or open interest, has reached all-time highs. CME’s 10 highest-ever daily open interest figures for Live Cattle futures (the contract was launched in 1964) have been posted since late April, topped by 431,718 contracts at the close of trading May 2. Live cattle open interest averaged 407,800 contracts during June 2017,...

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Member Announcements
1 min read

NIBA/DePaul Thank You!

This year's Annual Summer Symposium co-hosted by NIBA and DePaul University was a huge success.  We would like to thank each and every one of you who attended and supported this event. We would also like to thank John Lothian who delivered an excellent key note speech to kick things off as well as the rest of our moderators and panelists.  Special thanks to DePaul University who has been a tremendous partner and great resource for the association, its members and the industry at large.  Below are a few pictures from the Symposium and check back soon for video of the event.

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Member Announcements
3 min read

Vela Trading Techologies to Purchase OptionsCity

Combined company will deliver an expanded set of front office products and services, including market access, risk management & analytics New York, London, Chicago, June 20, 2017 – Vela Trading Technologies LLC (Vela), a global leader in high performance trading and market data technology, has entered into a definitive agreement to acquire OptionsCity Software, a global provider of futures and options trading and analytics solutions. The OptionsCity acquisition will expand Vela’s front-office capabilities to include advanced analytics and risk management tools, enhance its market access managed services with additional trading and content solutions, and accelerate its data cloud strategy. The acquisition will also accelerate OptionsCity’s growth strategy, providing its clients with access to additional asset classes, trading venues, geographies, low-latency data feeds, and market access products. Jennifer Nayar, CEO of Vela, said, “This acquisition will continue to enhance the value we deliver to our clients. We are delighted to enhance...

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Member Announcements
1 min read

Marketing Managed Accounts & Funds Panel Preview

We are pleased to have a panel this year that will focus on the regulatory considerations—the “traps”—that await CTAs who market funds or managed account programs.  We will center on the key CFTC and NFA rules, and the issues spawned by those rules, and take a peek into the future with respect to potential developments.  Topics will include the treatment of performance results and proprietary trading results.  We’ll also look at the impact of the JOBS Act on fund-raising, and what’s been keeping the regulators’ enforcement teams busy.  Ultimately, the goal is to provide you with hands-on advice and insights.  If you have not already registered please do so at the following link and keep in mind there is limited capacity at this event: Register HERE

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Member Announcements
2 min read

Chairman's Letter - July 2017

“Taking it to a Whole ‘Nother Level” - Eugene Struthers (2004-2009) Keegan-Michael Key, American writer and actor uttered this famous phrase in character as “Eugene Struthers” on the late night comedy show MadTV each time he expressed his very passionate desire to know more about a person or subject. At the 4th Annual NIBA/DePaul University Joint Symposium, we’ll be taking it to a whole ‘nother level with three business sessions presented by nine industry experts. The Symposium, July 20 from 1:30-6:30pm at the Chicago downtown campus of DePaul University is free for all registered derivatives professionals. Space is limited; advance registration is required. (LINK Here) We’re very excited to have John Lothian, Executive Chair and co-founder of MarketsWiki kick-off the event with his Keynote speech entitled “Brexit & Other Extraordinary Popular Delusions.” If you are wondering how Brexit will affect your FCM and by extension, your business, you cannot afford...

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Member Announcements
1 min read

John Lothian Keynote Speaker Preview

John Lothian's keynote speech at the NIBA-DePaul Symposium is titled "Brexit and other Extraordinary Popular Delusions."  The former Introducing Broker and longtime newsletter publisher will reflect on the potential impact of Brexit and other macro influences on the industry and markets.   If you have not already registered please do so at the following link and keep in mind there is limited capacity at this event: Register HERE

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Member Announcements
1 min read

NIBA/DePaul University July Symposium

This year's NIBA/DePaul University Symposium is rapidly approaching and is shaping up to be another excellent event.  Last year DePaul's rooftop deck was under construction and this year we have the opportunity to enjoy the new and improved facilities for our cocktail reception immediately following the event.  In our last newsletter we proudly announced Mr. John Lothian will be the keynote speaker at DePaul this year.  The full agenda has been set and is available at the below link along with the event registration information.  Capacity is limited so be sure to reserve your spot in advance https://www.theniba.com/niba-event/annual-joint-niba-depaul-university-symposium/

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