NIBA Journal

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

Member Announcements
2 min read

ADMIS Celebrates NIBA's 30th Anniversary

30 years ago, I received a cold call from Melinda Schramm that changed the course of my life. She asked if she could take me to lunch and introduce the brand-new National Introducing Broker Association to ADM Investor Services. At Ceres Café, Melinda described the vision for the NIBA and all it would accomplish as a strong and unified group representing the independent voices of the Introducing Broker community. By the end of lunch my only question was “how can we help?” ADM Investor Services joined the NIBA its first year, and I was proud to serve on the NIBA Board of Directors and help shape the early and important impact it had on the futures industry. At the 3rd NIBA conference I happened to sit next to a representative from another FCM who, as fate would have it, eventually became my husband. When our first child was born, Melinda...

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Member Announcements
1 min read

HighGround Trading Celebrates NIBA's 30th Anniversary

It has been my honor and privilege to be associated with the NIBA throughout the organizations existence. I have interacted with NIBA for the first 18 years as an FCM member and for the last 12 years as the owner of an independent introducing broker. The NIBA has always provided my firm and me personally education in the crucial areas of my business – marketing, compliance, legal, accounting and operations. The NIBA has afforded me the opportunity to network with other industry professionals who face the same industry and professional challenges that I do while at the same time offering a platform and venue to discuss, solve and overcome those challenges. Congratulations to the NIBA for the last 30 years and I look forward to the next 30 years of association with the NIBA. Mike Burke CEO, HighGround Trading LLC  

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Member Announcements
1 min read

16Wells Congratulates NIBA's 30th Anniversary

Congratulations to NIBA on its first 30 years! It's been my great pleasure to serve on the Advisory Board and to make and continue long-standing relationships with industry professionals. NIBA's conferences have been a great source of information about regulatory issues and industry trends, and I've always been grateful for the business opportunities that have developed from being a part of the organization. Congrats again! Skip Shean CEO, 16Wells www.16wells.com

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Member Announcements
1 min read

Zaner Congratulates NIBA's 30th Anniversary

Congrats on 30 years! As I look back and think about the past 30 years (and 40 plus for Zaner), wow has the industry changed. There may not be the robust, romantic trading floors anymore, but one thing that has remained constant is the futures industry’s sense of community. I thank NIBA for being an integral part of that. Through all the advocating, networking events and more, I commend NIBA for all its hard work. As we become even more remote (thanks covid) and spread out throughout the country, globally really, it will take even more work to stay connected. I am proud to be a NIBA member and look forward to helping NIBA take on its future challenges. Thanks! Matt Zaner www.zaner.com

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Member Announcements
2 min read

Kennyhertz Perry Congratulates NIBA's 30th Anniversary

Kennyhertz Perry is a highly recognized Kansas City-based business and litigation law firm representing clients in various industries. Founding partners, experienced Kansas City lawyers, John Kennyhertz and Braden Perry, have built a firm that provides a unique mix of top law firm quality expertise, practical experience, and pragmatic solutions. When the firm was established in 2013, John and Braden shared a small office in Prairie Village with only a few clients. However, over the past eight years, the firm has grown to 10 attorneys and numerous clients operating in almost 10,000 square feet of space in two states. Despite the past year's challenges, Kennyhertz Perry has continued to grow with experienced attorneys and evolve in its practice areas to better serve clients. Former CFTC trial attorney and co-founder Braden Perry joined the National Introducing Brokers Association (NIBA) advisory board to stay connected in the futures industry. As a sponsor of...

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Member Announcements
2 min read

High Ridge Futures Congratulates NIBA's 30th Anniversary

Business at High Ridge Futures is continuing at a steady pace. Our focus as a firm is to promote CTAs with profitable performance records and who manage risk with a disciplined approach. We are also in process of creating a new Commodity Pool which will be traded by a CTA we recommend. Covid has changed our audit process as I have been unable to travel. This forced us (and everyone else) to conduct our exams virtually. While I missed seeing everyone in our 17 branches, some good results came from the forced Zoom audits. I believe I have been more efficient as I gathered the needed documents/account opening paperwork, etc. in the weeks before our meetings, which made our face-to-face time more about discussing important industry topics and pinpointing any issues with focus, as we were not busy with paperwork. Also, because of the pandemic, my husband and I made...

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Member Announcements
2 min read

StoneX Celebrates NIBA's 30th Anniversary

NIBA 30th Year!! In 1981 I opened an IB with my father and so began my life in the futures industry. Since that time so many things have changed in our space but the constant for me has always been being involved with the IB business and the NIBA since the beginning. My old FCM was the first to join as a representative from an IB who cleared with us was the first President. When I came to Stone X Financial Inc. 17 years ago, I discussed with the powers that be that we needed to join and grow our IB business. They wholeheartedly agreed and now we are one of the top 5 clearers of IB business. The number one thing that NIBA has accomplished is, they’ve brought a unified voice to the NFA and CFTC that the IB Community never would have received without this organization. Number 2...

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Member Announcements
1 min read

Midland Trust Company Celebrates NIBA's 30th Anniversary

As a service provider to the futures industry, I and Midland Trust would not have thrived the way we have over the many years without the NIBA. Congratulations on your 30th Anniversary. We at Midland Trust provide IRA and 401(k) accounts that allow investment into futures industry products and strategies. Our partnership with the IB community has been key to our success and the NIBA was our access point to join that community. The conferences and content provided by the NIBA helped educate us on the issues facing the derivatives community, and we were able to evolve our service to meet the needs of the Introducing Brokers and their customers. Many of the NIBA community have become like family to me and I look forward to many more years to celebrate Brad Janitz Director | Midland Trust Company Phone: 312. 753.6384 Email: bjanitz@midlandtrust.com

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Member Announcements
3 min read

KCOE-ISOM (Paragon Investments) Congratulates NIBA's 30th Anniversary

“Paragon Investments, Inc. looks quite differently compared to my humble beginnings back in 1998 in which I was operating out of the basement of my home. At that time I was a very young, eager, newly licensed broker in search of an identity and a business plan. My business model was very similar to many in the industry in that I was a “jack of all trades” and willing to trade whatever markets my clients were interested in…whether that was in grains or gold. I operated my business centered around great customer service, but still largely a “transactional” relationship only. However, my background was in agriculture having grown up on a family farm in NE Kansas and I gradually saw my business gravitating more and more into the hedging side of the business. I would attribute some of this natural movement towards hedging the ag space in that I was...

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Member Announcements
1 min read

Straits Financial Congratulates NIBA's 30th Anniversary

It is hard to believe it has been 30 years since the NIBA started. We believe the NIBA has been a vital resource and mouthpiece for the IB community which had no voice prior to the establishment of the NIBA. The NIBA’s hard work, dedication and selfless approach in promoting the welfare of the IB community is something the industry and brokers in particular greatly appreciate. So thank you and the team at NIBA and congratulations on your remarkable 30th anniversary!!!

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