NIBA - Celebrating 35 Years

NIBA Journal

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

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Member Announcements
2 min read

Register Now for NIBA/DePaul Joint Briefing - July 1

Register Now for NIBA/DePaul Joint Briefing - July 14 Registration is open for the NIBA/DePaul University Joint Briefing, July 14 at DePaul University, Chicago Downtown Campus. REGISTER HERE We are excited to be partnering with DePaul University for the third year in a row to present an afternoon of can’t-miss business education and networking -- all designed to help you grow your business. “Managed Funds -- It’s More than Raising the Assets!” -- Mark Shore, Adjunct Professor, DePaul will lead a panel including Mike Coglianese, Michael Coglianese CPA, Carl Gilmore, Integritas Financial Consulting and John Brand, National Futures Association. This session will focus on the unique regulations and compliance issues which go along with marketing managed funds. “Cybersecurity - What You Need to Know Now!” -- Jeff Henderson, Greenburg Traurig will lead this panel which includes Gil Vega, CME Group, Matt Kluchenek, Baker & McKenzie and Dale Spoljaric, National Futures...

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Member Announcements
2 min read

June’s Chairman Letter

Resources: A source of supply, support or aid, especially one that can be readily drawn upon when needed -- Dictionary.com Dear Members - NIBA is excited to announce two new resources designed to help members grow their businesses. First, the NIBA Resource Center. In addition to other services and products unique to the derivatives industry, this member benefit includes white papers, seminars/webinar announcements and programs such as a joint intern project. The NIBA Resource Center will open as a private portal on the website mid-summer 2016. To suggest content for the Resource Center, contact Tom Sandy, NIBA Resource Center Chairman, ts@ricedairy.com. Resources Article. You can take advance of our second resource just by being a member of the NIBA! Exchange Analytics (EA), one of NIBA’s Service Provider Members is offering free online AML and Cybersecurity training to members who attend the NIBA/DePaul University Briefing, July 14 in Chicago. IB, CTA...

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Member Announcements
2 min read

Resources, Resources, Resources

Resources, Resources, Resources by Tom Sandy & Ryan Griffeth Resources are part of NIBA’s mission to provide the information and education you need to grow your business. At a meeting of our Advisory Group (AG), several members wondered if we were doing enough to collect and offer industry resources to the membership. As a result of the AG’s suggestions, we have undertaken an initiative to increase resources available to you. NIBA has begun an informal series of meetings with industry participants to discuss which materials will be most helpful to brokers and clients who want to understand and use products and services more effectively. These industry participants include exchanges such as the CME Group, NADEX and ICE; and, service providers, including lawyers, accountants, marketing consultants and compliance trainers. Resources we hope to share include video presentations, online and in-person education and other educational/informational materials and programs. The subjects include market-specific...

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Member Announcements
2 min read

NIBA/DePaul Joint Program Announcement

We are excited to announce our third annual joint summer event with DePaul University. The afternoon meeting will be held on the downtown Chicago campus of DePaul University, Jackson Blvd at State Street, and includes two business sessions and a networking cocktail reception. Compliance and Regulation of Marketing Managed Futures, led by Mark Shore, Adjunct Professor at DePaul University takes us past raising assets to the “must know” aspects of the unique regulations and compliance issues surrounding the marketing of managed futures. Mark’s panel includes Mike Coglianese of Michael Coglianese, CPA, PC and Carl Gilmore, of Integritas Financial Consulting. Cybersecurity: What You Need to Know Now! is the panel discussion led by attorney Jeff Henderson, Greenberg Traurig. This session addresses the current state of regulation from the point of view of all categories of industry registrants and participants, in addition to discussing enforcement. The experts on this panel include Gil...

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Member Announcements
2 min read

NFA CEO Daniel Roth to Retire

NFA announced on May 23rd that President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA's Board of Directors has authorized the formation of a committee to conduct a search for his successor. The search will consider both internal and external candidates. Mr. Roth joined NFA in September 1983 as an attorney and has held a number of positions with increasing responsibilities, including General Counsel, Executive Vice President and Chief Operating Officer. In January 2003, Mr. Roth began his tenure as President and CEO. "I'm proud of all that NFA has achieved during my time as CEO," said Mr. Roth. "NFA is well-positioned to fulfill its expanding regulatory responsibilities in the coming years. I've been honored to spend more than 30 years working with a talented and diverse group of professionals who are dedicated to safeguarding market integrity." "Dan has been central to the...

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Member Announcements
2 min read

CFTC Statements on NFA CEO Departure

Statement of CFTC Chairman Timothy Massad: "It has been a privilege to work closely with Dan Roth throughout my time as Chairman of the CFTC. We have forged an excellent relationship over the past two years, one which I have very much enjoyed. The NFA plays an important role in the markets that the CFTC regulates, and Dan’s knowledge, experience, and commitment to collaboration have been of tremendous value to our work and to me personally. I look forward to continuing to work together as the NFA searches for his replacement over the coming months. I congratulate Dan on his record of accomplishment, I thank him for his friendship and I wish him the best of luck in all his future endeavors." Statement of CFTC Commissioner Bowen: "I congratulate Dan on his long and fruitful career at the National Futures Association (NFA). Dan and I started our careers in finance...

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Member Announcements
1 min read

Save-the-Date: July 14, NIBA/DePaul Joint Event

Mark your calendar now to attend the NIBA Joint Event at DePaul University Chicago Campus, July 14. For the 3rd year in a row, this afternoon meeting will include business sessions and and time for networking. A cybersecurity panel led by Jeff Henderson of GreenburgTraruig, and including Gil Vega of the CME Group, Matt Kluchenek of Baker & McKenzie, and the NFA will be one of the focus topics. Check the website for Program updates -- registration opens soon. Questions: Jerry Nolan, NIBA Chairman for this Event, jnolan@countycorkllc.com or committee members, Tom Sandy, ts@ricedairy.com; Mike Burke, mikeb@highgroundtrading.com; or Mark Washack, mark.washack@wedbush.com.

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Member Announcements
4 min read

NYC Conference Follow Up: Oil & Gas: All Stored Up with Nowhere to Go

Market followers are divided on when global oil prices will recover to a higher plateau after tumbling to a 13-year low during the first quarter while a majority observing the US natural gas market maintain a bearish disposition, with both markets under pressure from too much supply. In New York late April, we reviewed the global outlook for supply and demand drivers for oil, and then turned for a closely examination of the domestic market, with US crude production the critical component in not only a recovery from unsustainably low oil prices, but also in creating the oversupplied market in the first place. It was through technology that the United States upended the world oil market, with hydraulic fracturing joined with horizontal drilling pushing US crude production to the highest point since the early 1970s. US production peaked in April 2015 at nearly 9.7 million bpd while Russia and members...

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Member Announcements
2 min read

May’s Chairman Letter

Membership: * Being a part of a group or an organization * All the people that are a part of an organization - Merriam-Webster’s Dictionary The first recorded use of the word “membership” is during the English Civil War in 1643. (OnThisDay.com) Membership in the NIBA has only been available since 1991, but in those 25 years we’ve been on the frontline -- educating derivative professionals, and representing your opinions on matters of regulation and other industry issues. NIBA is premiering our “Members Only” Portal this summer. Members will have access to industry resources, in-office intern programs, white papers and more through a special section of the NIBA website. Throughout 2016, NIBA conferences will present the latest information available on cybersecurity requirements, as well as Automated Trader registration, margin requirements for uncleared swaps and other issues NIBA members need to understand in order to keep their businesses growing. In addition,...

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Member Announcements
2 min read

Global AML Webinar Series

How to manage global AML/CTF obligations The Global Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) team at Baker & McKenzie is embarking on a new webinar series for 2016 to guide you through the complex AML/CTF landscape and how it impacts you and your business. The first session of our Global AML/CTF Webinar Series, titled "How to manage global AML/CTF obligations", will be held on Thursday 26 May 2016. Emma Hunter (Sydney), Karen Man (Hong Kong), Brian Whisler (Washington DC) and Arun Srivastava (London) will discuss US extraterritorial reach and cross-border compliance. gister by clicking this link. Kind regards, Astrid Raetze and Emma Hunter On behalf of Baker & McKenzie's Global AML Practice astrid.raetze@bakermckenzie.com emma.hunter@bakermckenzie.com About Our Global AML Practice Money laundering and terrorism financing are global problems. As the concern about terrorist threats continue to thrust anti-money laundering and counter-terrorism financing (AML/CTF) to the forefront, regulators across the world are...

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