NIBA Journal

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

August 4, 2021

Phillip Capital Congratulates NIBA's 30th Anniversary

Phillip Capital congratulates NIBA for 30 years of servicing the derivatives industry as a non-profit association providing education, networking and a voice in regulatory matters. We’re appreciative to be part of the NIBA board as an FCM Advisor during a time of dramatic change and challenges in our industry. Phillip Capital Group was launched in 1975 out of Singapore and now maintains clearing memberships on 18 futures exchanges globally directly or through Phillip global affiliates. Backed by a strong group balance sheet and a commitment to long term growth, the US FCM launched in 2010. Phillip Capital Inc. is a full clearing member at the CME Group of exchanges, DME, ICE US and ICE EU, CFE and The Small Exchange and connects into 26 global futures exchanges. Our US entity is also a clearing broker dealer. Phillip Capital’s participation with NIBA has offered our executives the opportunity to network and...

Sudrania Congratulates NIBA's 30th Anniversary

Sudrania Fund Services is a global fund administrator based in Chicago, Illinois that leverages its proprietary Seamless platform, an award-winning, full-scale cloud-based, fund administration application which integrates portfolio, fund accounting and investor reporting, in order to provide best-in-class and cost-efficient solutions to both the traditional and alternative investment fund management community. We joined NIBA in 2018. We appreciate the work this organization is doing to bring together the CTA and IB community and the eco-system of the CTA business including services providers and technology vendors. We commend NIBA and its leadership for continuing to help develop the community and congratulate NIBA on its 30th anniversary. Please contact us at info@sudrania.com or visit our website www.sudrania.com to know more about us and our services/technology.

Congratulations to the National Introducing Brokers Association

The National Introducing Brokers Association (NIBA) has provided support to the IB community for 30 years. I have been involved and a member of NIBA for 29 years. Melinda approached me to become a charter member upon inception, but I waited until the following year when I joined the team as a broad member. From the time of joining the NIBA it became a game changer for Allendale Inc. The ability to share ideas regarding the hurtles we were facing as an IB with other members was priceless. The NIBA has provided communication for the IBs with the regulatory bodies such as the CFTC and the NFA. It is extremely important to understand the rules and learn how to comply with them. An IB is not only dealing with clients and trading but meeting compliance issue to stay in business. The business aspect of running an IB is where the...

Gain Capital Futures Congratulates NIBA's 30th Anniversary

NIBA Congratulations on your 30th Anniversary. Having been in the Futures industry for over 30 years, and with the past 20 years focused on Introducing Broker development, I feel like I have grown up side-by-side with NIBA. From seminars, webinars, conferences, working with the regulators, and Exchange Board representation, NIBA’s entire focus has been on the support and growth of the IB community. Now as a proud NIBA Board member, I am able to directly contribute to these efforts, and work with the other Board Members to bring services and attention to this important part of the Futures industry. Once Again, Congratulations! Tom Mitchell Email Tom Gain Capital Futures

Kansas City Trading Group Congratulates NIBA's 30th Anniversary

Kansas City Trading Group is an Independent Introducing Broker which began operations in August of 2010. Almost all personnel had come from the commodity interests business and had extensive experience in many facets of the industry. That being said, internal experience and knowledge has not been enough to keep up with the constant challenges our firm and others have faced in the past 10 years. Departures of FCM’s, consolidations of the customer base, increasing regulatory requirements, and not to mention a pandemic have increased the need for everyone to stay on top of changes and have resources that assist with that and advocate for us. We have been a member of NIBA since our very beginning days. We are thankful to have an organization that provides educational and networking opportunities for its members through monthly newsletters, special editions, and workshops. In addition, we have reached out to various NIBA contacts...

vSEC Congratulates NIBA's 30th Anniversary

vSEC provides cybersecurity consulting services, specializing in the derivatives industry. vSEC Founding Partners, John Falck and Michael have extensive backgrounds in the derivatives industry serving as executives and advisors for several key groups including OCA, CME, UBS, Federal Reserve, etc., Michael joined NIBA’s advisory group as an opportunity to continue to provide insights and leadership on cybersecurity matters for its members. NIBA newsletters and conferences allow vSEC to provide information about cybersecurity to IBs, and as a member of the NIBA Advisory Group, vSEC can learn from and share insights with other experts about the needs and priorities of IBs. NIBA helps us remain active members of the IB and derivatives community. We feel very much aligned with NIBA's key roles to provide education, support communications and relationships within our community, and to help provide access to the information and resources we all need to succeed in our businesses. We...

Reflections on 10 Years as a NIBA Board Member

By – Barbara Schmidt-Bailey, CME Group Director of Client Development & Sales The first conference I attended a mere month into my tenure as a new CBOT, now CME Group, employee in the spring of 2001 was NIBA’s annual Chicago meeting. The event was a great representation of the Chicago futures industry, with IBs, FCMs and vendors in attendance and discussions circling around markets and outlook. It was clear to CME Group long before I joined that being a part of NIBA was an important way to support IBs and their customers on the ground around the country. Now in 2021, I’ve served on the NIBA Board for over 10 years. I greatly value the relationships I’ve built with numerous IBs and FCMs who continue to volunteer their time to NIBA to make sure that the IB community is well-informed on industry issues, well-represented with our regulators and educated on...

By NIBARead article

April 9, 2021

1 min read

NFA to hold Member Town Hall webinar on April 20

To provide Members with an opportunity to ask questions of NFA's leadership, NFA will conduct a Town Hall webinar on Tuesday, April 20, 2021, at 9:30 a.m. CT/10:30 a.m. ET. During the webinar, NFA Board Chair Maureen Downs, NFA Public Directors Ron Filler and Doug Harris, President and CEO Thomas Sexton and NFA's officers will provide a short update on NFA's recent initiatives and respond to questions submitted by Members. If you would like to submit a question prior to the webinar, please email it to feedback@nfa.futures.org. There is no charge to attend the webinar; however, registration is required. Register now. If you are unable to attend, a transcript and archived version of the webinar will be available on NFA's website in early May.

TotalView | Conquer the Wave

  Article for NIBA Newsletter | Copyright Jane Rubin 2021 Ad Agency: TOTALVIEW Global | totalviewglobal.com TEL 917-539-0899 | solutions@totalviewglobal.com __________________________________________________________________________ Commit to it. NIBA Members are experts in the art of trading, trading technology, and trading systems. You provide depth and cutting-edge products and services. You have years of experience with a range of futures and commodities instruments and complex global markets. You are obsessed with industry innovation. You are equally obsessed with precise, consistent execution. You provide round-the-clock attention to detail in how you service your clients. However, too often your branding does not live up to that depth and expertise. The intention of my bluntness is to motivate: Having reviewed the websites of numerous firms in the NIBA Directory, in terms of online presence they fall into two general categories: 1) unoriginal template-based design, (i.e. WordPress or Joomla sites;) or 2) not designed at all, (i.e. textual...

By NIBARead article

March 25, 2021

5 min read

Springtime Compliance Housekeeping Items

In January 2021, at the request of Futures Industry Association (“FIA”), CME Group Inc. (“CME”), ICE Futures U.S. (“IFUS”), and the Minneapolis Grain Exchange, LLC (“MGEX”), the CFTC granted partial extensions to previously issued No-Action positions to facilitate the physical separation of registrant personnel in response to the COVID-19 Pandemic. In connection with an industry-wide response to the COVID-19 pandemic, the CFTC granted no-action relief in a series of letters in 2020 for failure to comply with certain CFTC regulations, where compliance was anticipated to be particularly challenging or impossible because of the displacement of the personnel from their normal business sites, due to implementing recommended practices, such as social distancing and closures, to curtail the spread of the COVID-19 pandemic. In the CFTC recent extensions, the CFTC is extending the relief for timestamping orders until April 15, 2021 and the extension of relief for Oral Recordkeeping until March 31,...

By NIBARead article

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