NIBA Journal

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

September 9, 2021

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

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...

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...

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...

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

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...

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!!!

CQG Congratulates NIBA's 30th Anniversary

CQG is happy to be a part of NIBA and celebrate your 30th anniversary. Our IB customers are a part of the fiber of CQG, it is their feedback, and continued support that has helped us grow into the trading solutions company that we are today. Since our beginning’s, we have partnered with brokers to develop cutting edge trading platforms, API’s, and access to global exchanges for futures, equities, cash, and digital assets. We have expanded from a market data provider on the Chicago Board of Trade to a global provider with sophisticated trading tools and access to more than 80 exchanges. With over 100 broker environments, we are a preferred vendor for broker’s looking for a range of tools to offer their customers. Our customer’s help shape the future of our solutions and we continue to innovate to meet the needs of an ever changing marketplace. Congratulations to the...

Ascent Capital Management Congratulates NIBA's 30th Anniversary

Ascent Capital Management has been an active member of the NIBA since we were established in 2011. The NIBA provides several tools to assist firms to maintain compliance with many of the regulatory changes that have become commonplace in our industry. Semi-annual meetings with various speakers on many diverse topics are just some ways that the NIBA helps keep its members up to speed and avoid regulatory issues. New products, changes to AML requirements and Cyber-Security have been some examples of past areas of education. Of course, attendees are encouraged to ask questions at the conclusion of the panel discussion to help their understanding of the topics at hand. Often the NFA participates and are always very accommodating to answer questions from the attendees. We have gained valuable insight into many regulatory changes over the years. The education gained from attending these seminars has helped make our routine audits become...

ICE Congratulates NIBA's 30th Anniversary

ICE has been a member of NIBA for a number of years, where NIBA’s forum for interacting with derivatives professionals has been a useful source of networking and information sharing. NIBA has offered us a great platform to engage with the broker community. Congratulations NIBA on your 30th anniversary, we wish you all the best and look forward to continuing to work closely together. ICE is home to the NYSE FANG+™ Index, an index that provides exposure to 10 of today’s highly-traded tech giants. MICRO NYSE FANG+™ futures actively trade on ICE and provide market participants a unique opportunity to gain exposure to this high-tech market segment. The NYSE lists FANG+ options contracts which provide options traders with the ability to increase or reduce exposure to this key group of growth stocks in a capital-efficient manner. Meanwhile, the ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for...

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