A little learning, indeed, may be a dangerous thing, but the lack of learning is a calamity to any people – Frederick Douglass, 1817-1895 Frederick Douglass was an abolitionist, orator, author, and women’s rights advocate. A former slave, he rose to national prominence during the Civil War years, and was an outspoken supporter of the necessity of education to further the betterment of the human condition right up to the end of his life. NIBA’s mission is education. Learning about our industry, market conditions and regulations is not only necessary for CFTC registrants and NFA Members so that they stay…...
Annual FCM & Service Provider Reception
NIBA held its annual “Thank You” reception for FCMs and Service Providers at the Union League Club in Chicago on February 2. Thirty-four FCM and Service Provider Members attended and were honored for their contributions and support of the Association. The following were honored for exceptional service to NIBA membership: – Liccar & Co., Founding Member – CME Group, Founding Member – Gate 39 Media – Michael Coglianese, CPA Each February NIBA hosts an afternoon get-together to preview the upcoming year’s membership events and discuss ways FCMs and Service Providers can participate throughout the year. Thank you to this year’s…...
ADMIS 2017 Conference
Congratulations to ADMIS on a terrific IB Conference. It was well-planned, well-executed and well-attended! Thank you to all at ADMIS for including us at the event and for the continued support of the NIBA...
Chairman’s Letter – Jan 2017
“Cheers to a new year and another chance for us to get it right.” Oprah Winfrey, 1954- Oprah Winfrey is an American media proprietor, actress, producer & philanthropist. Looking back on 2016, I thought her words were particularly appropriate to our industry going forward into the new year. CFTC Chairman Massad has indicated he will leave the Commission on January 20, before his term is officially over. He has been outspoken in his support of AT regulation, particularly in favor of allowing certain proprietary information, sometimes referred to as “the secret sauce” of a trader’s program, to be accessed…...
NIBA SoCal Conference around the corner – February 23, 2017
The 2017 NIBA conference schedule kicks off the year in toasty Southern California on February 23, in beautiful Newport Beach. This will be followed by our spring meeting in New York City in late April and then our fall event in Chicago. The SoCal conference brings a little bit of Chicago and New York – the centers of futures trading to distant Southern California. Attendees are afforded the rare opportunity to hear a panel of experts on important topics critical to the growth and success of their businesses. The afternoon conference will consist of three business sessions followed by a…...
CME Fee Increase Jan 2017
Pending CFTC regulatory approvals and review periods, below provides a summary of the January 1, 2016 pricing changes for each of the product exchanges: CME, CBOT, NYMEX and COMEX. Please see link below for a detailed breakdown of the CME Group’s fee increase CME Group Exchange & Clearing Fees...
Save the Date: NYC 2017 Event
The NIBA is excited to announce the date has been set for this year’s NYC program. Please mark your calendars for April 26, 2017. We have established new partnerships and are finalizing an exciting line up for this year’s program. Look for additional details to be announced in upcoming newsletter publications. Please contact the NYC Program committee chairman with any questions or comments: Howard Rennell, [email protected]...
NIBA Election Results-2016
At the December 1 meeting of the Board of Directors, the NIBA elected the following officers for 2017: President – Mike Burke, Highground Trading Vice-President – Shane Stiles, Gate 39 Media Vice-President/Secretary – Ryan Griffeth, Postrock Brokerage Treasurer – Mike Coglianese – Michael Coglianese, CPA Past President – John Jensen, Heritage West Financial Immediate Past President – Steve Petillo, Nevermore Alternatives NIBA officers also serve as the Executive Board of the Association. Melinda Schramm, MHS Capital Resource serves as the Chairman of the Board. John Jensen was elected by the membership to serve a one year term on the board.…...
December Chairman’s Letter
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward, 1921-1994 William Arthur Ward was an American writer, author and editor of the Pertinent Proverbs column which appeared weekly in the Ft. Worth Texas Star-Telegram for over 40 years. Credited and quoted frequently by public speakers, I thought the above sentence was particularly applicable to the events of 2016, and to how industry participants will be adjusting to the possible changes 2017 will bring. With a change of administrations, the agenda at the CFTC is likely to change too.…...
NIBA Advisory Group Recap
On November 30, the NIBA Advisory Group (AG) met in Chicago. The AG is a group of industry participants, each of whom has expertise in a specific area of the business. Expertises range from marketing to education, from legal to cybersecurity. This group met for the first time in 2015; members committed to a 2-year term. The mission of the AG is to share ideas for the growth and continued relevance of the NIBA. As a result of the first AG meeting held in December, 2015, the following three suggested topics were selected by the NIBA Board of Directors to…...