Insights, analysis, and updates from the National Introducing Brokers Association
View current and historical bid-ask spreads, book depth measures and cost to trade statistics for CME Group products through interactive visualizations. Evaluate the impact of orders in ticks across various CME core products Compare how large of an order to execute and its market impact Discover the depth of markets at each price level and in 3 time zones: Chicago, London and Singapore View Tool
NIBA’s spring membership meeting will be held April 10 at the New York Athletic Club, New York City. The annual event includes a full afternoon of business sessions, as well as numerous opportunities for networking and catching up with your colleagues. Planning for the business sessions has begun. Mike Burke, mikeb@highgroundtrading.com, Steve Petillo, spetillo@straitsfinancial.com and Melinda Schramm, melinda@futuresrep.com will co-chair the event. Please contact any chairman to suggest topics or speakers for the meeting, or to volunteer for the planning committee. NYC Event Page
In Latin, octo means eight. October, the eighth month of the year is recognized traditionally throughout the world as the gateway to winter. In the U.S., we celebrate National Pizza Month and, of course, Halloween. In early October, the Wall Street Journal reported that CFTC enforcement actions and fines are up in 2018, while SEC-related numbers decreased over the same period. After falling slightly in 2017, CFTC numbers have risen this year in part to issues surrounding cryptocurrency offerings and spoofing. Complaints also include various recordkeeping and position limit violations. NFA has called for nominations to its board of directors and nominating committees. Current terms of several directors expire February 21, 2019. Submissions for candidates for all positions must reach the NFA no later than October 15th. NIBA will be publishing the results of those nominations in subsequent newsletters. Elections will be held shortly after the nominations are announced, so...
Generate fair value prices and Greeks for any of CME Group’s options on futures contracts or price up a generic option with our universal options calculator. Choose from eight different pricing models, including Black Scholes, and customize your parameters by: Strike Option Type Underlying Futures Price Volatility Days to expiration (DTE) rate View Calculator
The Complete IB Handbook – 2018 Edition Now Available Updated annually, The Complete IB Handbook is a comprehensive resource for prospective and current introducing brokers (IBs). This guide, written by Melinda H. Schramm of MHS Capital Resource and sponsored by CME Group, provides a state of the IB industry, covering current trends, business practices and regulation. Read the latest version, updated for 2018. Download Handbook
NIBA held its Annual Membership Meeting September 13 at the CME Group Building. The full-day of education focused on “Developing Business in a Regulated Environment,” and featured sessions on compliance, marketing and ideas for growth. This year’s keynote speaker, Rick Santelli of CNBC Financial News, spoke to a standing-room only crowd. NIBA thanks the CME Group, official sponsor of the event for providing our meeting space, lunch and a terrific luncheon speech on the possible effects of tariffs and trade wars on the markets and our customers, presented by Alison Coughlin, Manager of Commodity Research and Product Development, CME Group. Thanks also to NIBA’s Program Sponsors and Annual Sponsors - Barchart, Clear Software, Ruddy Gregory, Michael Coglianese CPA, Straits Financial, Midland IRA, John Lothian News and Dorman Trading. Congratulations to Gene Sikora, of Intl FC Stone on winning the raffle prize, an electric scooter donated by Straits Financial. The meeting...
In the time of Charlemagne, September was “the harvest month.” In most of the modern world, September marks the start of the academic year. And here, in the U.S., we celebrate “Better Breakfast Month” and National Bourbon and California Wine month. September brings NIBA’s Annual Membership Meeting. The meeting took place this year on Sept. 13 at the CME Group Building in Chicago. When it was time for the keynote speech, Rick Santelli, CNBC commentator rocked the house. Rick was more than informational -- he is entertaining and very gracious. Thanks also to the CME Group for providing the facility and a terrific luncheon speak, Alison Coughlin of the exchange. A full wrap-up appears in this issue of the NIBA newsletter. We also saw two Commissioners confirmed and sworn into office by the CFTC early this month which completes and fills the five-person Commission. Dawn Stump comes from Stump Strategic,...
This year's NIBA conference theme is "Business Development in a Regulated Environment." There are many ways to develop new business. Some of those which we are highlighting in this session is through the use of new tools and new revenue sources. Relationship Based Trading This segment will discuss the various ways a firm can utilize relationship based trading. That means trading using blocks, crosses or pre-execution. Each offer their own unique benefits to the end customer and broker. Panelists are actual market participants giving perspective on both sides of the transaction. Chris Abraham - Geneva Trading Brian Fletcher - Rice Dairy Marketing Tools Available to the IB/CTA There are many marketing tools that are available. CME Group has a wealth of tools available for your business to utilize. This discussion is focused on raising awareness of these tools and how your firm, your brokers and your customers can all potentially...
NIBA is pleased to announce CNBCs Rick Santelli to give this year's Keynote Address. Come hear Rick live and in person sharing his thoughts on the industry. "I believe there is only one regulation in life that works: failure." - Rick Santelli Space is limited....reserve your spot while seats are still available. Rick Santelli joined CNBC as on-air editor in June 1999, reporting live from the floor of the Chicago Mercantile Exchange. His focus is primarily on interest rates, foreign exchange and the Federal Reserve. Santelli is a regular contributor to CNBC's "Squawk on the Street " (M-F, 9AM-11AM ET). REGISTER HERE
Have you attended compliance sessions in the past that have not quite addressed your concerns or perhaps hit topics that were interesting but not relevant to your firm? This year we have setup our compliance session just for you! The session titled "Whats on your Mind?" answers just that calling by creating an audience driven session. What does that mean exactly? You are in the driver's seat and can select in real time the compliance topics you would like to hear the panel discuss. This panel is a great mix of compliance experts and regulators. Below is a bio for each of our panelists: Matthew Kluchenek, Partner, Baker & McKenzie LLP Matthew Kluchenek heads the Firm's Global Derivatives and Hedge Fund practice. He regularly advises clients on a broad array of regulatory, transactional and enforcement matters involving the financial markets and financial products, drawing on deep business knowledge to deliver...
