NIBA - Celebrating 35 Years

NIBA Journal

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

Active filters:
Category: Member Announcements×
Clear all
Member Announcements
2 min read

Keep ORS Records Up-To-Date

NFA's Online Registration System (ORS) is the web-based CFTC registration and NFA membership application system. In order to ensure firms and individuals receive NFA communication, it is important that all ORS records are kept current and accurate, including addresses and email addresses. NFA initially collects registration information for firms using the Form 7-R and for individuals using the Form 8-R in ORS. NFA Registration Rule 210 requires that firms keep the information entered in the Form 7-R and individuals keep the information entered in the Form 8-R up-to-date. In addition, NFA Registration Rule 213 requires that each registrant and affiliated principal, while registered or affiliated with a registrant and for two years after registration or affiliation is terminated, keep current the address on file in the Form 7-R or 8-R. To update information submitted in a Form 7-R or Form 8-R, the firm's designated Security Manager can authorize individuals to...

By NIBARead article
Member Announcements
3 min read

Summary of the Managed Futures Panel 3rd Annual NIBA/ DePaul University Derivatives Briefing on July 14, 2016

A few months ago Tom Sandy (Rice Dairy), Jerry Nolan (County Cork) and I discussed some ideas for the topic of this panel. Tom is involved in operations, Jerry in marketing and I’m involved in research. The one overlapping component for all of us is compliance and operations. The topic of the panel discussed marketing managed futures from a compliance and operations perspective. This topic is probably a different perspective from marketing managed futures as you may frequently hear at events. A CTA may be successful at raising assets. However, if it wasn’t done properly, you may get a call from the regulators, lawyers or your internal compliance. It may cause investors to leave. If someone is doing due diligence on the manager, they may spot some of the compliance issues and say “thank you, but we are not interested” and they may not tell you why they were not...

By NIBARead article
Member Announcements
2 min read

July’s Chairman Letter

72 544x376 Ally: To join with another person or group to get or give support - Merriam-Webster Dictionary, 2016 NIBA is fortunate to have several incredible allies. DePaul University, our academic partner in Chicago, co-sponsored our summer briefing July 14. Over 130 NIBA members and supporters registered for afternoon business sessions which included a look at the managed futures world from a compliance and regulation point of view, and an overview of cybersecurity readiness. Articles following up on the discussions sparked by the DePaul sessions appear in this newsletter, and we’ll post the program video as soon as it is available. Thanks to Jerry Nolan, Carla Peterson, Dr. Carl Luft and the entire committee for a successful meeting. Thanks also to another great ally, Exchange Analytics for providing members in attendance with coupons for free online AML and Cybersecurity Training. The CME Group is one of NIBA’s most important allies....

By NIBARead article
Member Announcements
1 min read

Seasonality of WTI Crude Oil Futures

Summary WTI Crude Oil futures is currently priced around the 30-year average. This makes the market on par with the longer-term average of the front-month futures contract. The 30-, 15- and five-year seasonality averages of WTI Crude Oil front-month futures show declines in the second half of the year. The seasonality data offers evidence for crude oil to form a long-term bottom. Earlier this year, crude oil bounced off its multi-year low, and many market participants are now  READ MORE   _____________________________________ Mark Shore Shore Capital Research LLC Alternative Investment Research & Consulting http://www.shorecapmgmt.com https://twitter.com/shorecap http://www.linkedin.com/in/shorem   Decoding the Myths of Managed Futures 2015 Adjunct Professor, DePaul University

By NIBARead article
Member Announcements
1 min read

The Complete IB Handbook

The Complete IB Handbook has recently been updated WWW.cmegroup.com/ibhandbook Written by Melinda Schramm, Founder of the NIBA and President of MHS Capital Resource, Inc. and sponsored by the CME Group, this guide contains eight chapters of information for the Introducing Broker on everything from how to register and what to expect at your first audit to a practical business plan and considerations for registering as a CTA. The online Handbook, now in its 6th Edition, also has a look at the current state of business of IBs in 2016 -- how we continue to recover from the failures of MF Global and Peregrine Financial, as well as what registrants see for the future of IBs. You can download a free copy of The Complete IB Handbook at www.cmegroup.com/ibhandbook, or contact Barbara Schmidt-Bailey at barbara.schmidt-bailey@cmegroup.com. Please contact Melinda, melinda@futuresrep.com for questions about the guide.

By NIBARead article
Member Announcements
2 min read

DePaul University Derivatives Briefing Summary, NFA Cybersecurity Requirements

On July 14, 2016, NIBA hosted a cybersecurity panel focused on the new NFA requirements that became effective on March 1, 2016. Dale Spoljaric of NFA, Gil Vega of CME and Matt Kluchenek of Baker McKenzie addressed various issues and practical considerations associated with the new requirements. The panel was moderated by Jeff Henderson of Greenberg Traurig.   Dale Spoljaric focused on the new requirements and the approach that NFA is taking in connection with its audit of member firms’ policies and procedures. Mr. Spoljaric emphasized that NFA plans to provide education to its members as the new requirements are phased in, and also plans to be flexible, recognizing that a one-size-fits-all approach is not practical in light of the size and operating differences among firms. NFA recognizes the rapidly changing nature of technology and the threat to information systems, and as result encourages its members to be continually vigilant...

By NIBARead article
Member Announcements
1 min read

Thank you DePaul University & Exchange Analytics

Thank you DePaul University & Exchange Analytics   Over 130 industry professionals and supporters were registered for the NIBA Joint Briefing at the Chicago downtown campus of DePaul University, July 14. Thank you to co-sponsors DePaul University -- especially Dr. Carl Luft, Alex Perry and Kelly Bakas of DePaul’s Arditti Center, and Exchange Analytics.   Both business sessions were videotaped by DePaul personnel and will be available to members on the NIBA website. Coupons provided by Exchange Analytics can be redeemed for FREE AML & Cybersecurity Training within 30 days of the meeting. Questions regarding the training or the coupons should be directed to Larry Israel, lisrael@xanalytics.com.   Jerry Nolan, County Cork LLC, and member of the NIBA Board of Directors, chaired this event. His committee included Mark Washack, Wedbush Futures, Steve Petillo, NIBA, Mike Burke, HighGround Trading, Tom Sandy, Rice Dairy LLC, Carla Peterson, Stewart-Peterson Group, Holli Kranz, Gate...

By NIBARead article
Member Announcements
1 min read

Save-the-Date: September 14, NIBA Membership Meeting - CME Group Bldg. Chicago

Registration is open now for the Annual NIBA Membership Meeting. CME Group will host the Association at 20 So. Wacker, Chicago. This meeting is a full-day event of six business session which include, among others: - Sessions specifically for CTAs -  Compliance updates on hot topic Regulation -  NFA IB & CTA Representatives Report to the NIBA   Our day includes a Continental Breakfast, Lunch, all breaks and a networking reception. NIBA members attend FREE.   Ryan Griffeth, Postrock Brokerage & Steve Petillo, NIBA co-chair this event along with Brian Gaffud, Rosenthal Collins Group. We are still forming the full committee and welcome suggestions and volunteers. Please contact Ryan, ryan.griffeth@postrockbrokerage.com or Steve, stevepetillo@gmail.com.   Mark your calendars now to attend the NIBA Annual Membership Meeting, September 14 at the CME Group Building, Chicago.  

By NIBARead article
Member Announcements
1 min read

2016 NIBA DePaul Futures Panel Introduction

Marketing and raising assets for managed futures is more than talking to investors and explaining your respective fund. It also includes adhering to proper compliance, regulations and operational activities to market managed futures. Your portfolio may find an interest with investors, but could your operations and processes turn investors away or worse? This panel will discuss some of the do’s and don’ts and resources from a compliance / operational standpoint of marketing managed futures. You will hear discussions from a very experienced panel of practitioners involved in different aspects of the industry. This topic is important to industry participants in various segments of the industry including portfolio management/ research, marketing, legal, accounting, compliance, operations and due diligence. The panel includes: -Mike Coglianese, Michael Coglianese CPA, PC -Carl Gilmore, Integritas Financial Consulting -John Brand, NFA -Brian Clark, Ascent -David Rayna, R.J. OASIS Moderator: Mark Shore, Shore Capital Research LLC & DePaul...

By NIBARead article
Member Announcements
1 min read

CME Cattle Volatility FAQ

CME Group addresses increased volatility within the livestock sector and answers the most frequently asked questions. CME Group values our relationship with the cattle community and is committed to helping producers and other cattle market participants manage their price risk.  Since the NCBA’s convention in January, we’ve implemented a messaging efficiency policy in our CME livestock contracts, formed a joint NCBA-CME working group to better understand the industry’s concerns and further enhance CME livestock markets, and taken other steps to address customer concerns about cattle market volatility.  We recognize this continues to be a concern for some customers and wanted to address some of the most frequently asked questions we’ve received about volatility in cattle markets. Click here to view the PDF

By NIBARead article
Page 24