On Friday February 15th, the NIBA filed the following comment letter with the CFTC. It discusses a Commission proposal which, if approved, would likely affect customer margin requirements. Hedging customers would feel the result, and an IB’s ability to transfer positions between brokerage houses would be severely hindered. Read the full comment letter to the CFTC filed by the NIBA John Lothian News has put together a special report on this critical issue, to view this video click here. The Opinions expressed are the opinions of the author. The opinions, the trading styles, trading information and trading programs are…...
NIBA Membership Message
Fellow brokers, “Activity begets activity”. This is a favorite phrase of mine that can be heard frequently in our office. It’s a very simple idea; it’s hardly original but very true: If you want something to happen – then start doing something. Membership in the NIBA is doing that ‘something’ that will beget growth in your business in very real, very tangible ways. Of course everyone in the IB community – member or not – benefits from the legislative, lobbying, and representational activities that the organization conducts on behalf its members. However, joining and becoming an active member in the…...
NIBA Winter Conference in Southern California Re-Cap
NIBA Winter Conference in Southern California January 24, 2013 I recently had the pleasure of attending the “Winter” NIBA conference in Southern California. I genuinely struggled to type the word “winter” in the title, as the weather greeting participants was a balmy 70 degrees. I’m sure that there was a tussle back in Chicago as to who was going to represent the CME and NFA for this event! Complementing the SoCal weather was the choice of venue, Flemings Prime Steakhouse and Wine Bar. Anyone that knows the brand knows the restaurant’s service is first rate, coupled with great food and…...
2011 NIBA New York Conference Agenda and Registration Now Online
Venue: Exchange Building, 1 No. End Avenue, NYC (formerly the NYMEX building) Time: Registration Opens at 1:00PM, Sessions begin at 1:30pm, Networking/Cocktails: 4:30pm 2011 NIBA New York Conference agenda and registration for IBs, CTAs, APs and futures industry professionals is now online at: http://theniba.com/conference/conference.aspx Building on the success of the sold-out 2010 NIBA Chicago Conference, we anticipate another sell-out event at the 2011 NIBA New York Conference. Attendees took away a wealth of information on compliance, operations, sales and marketing, and market information. This year’s NIBA New York Conference preceeds the 2011 CTA EXPO New York event–the premiere event for CTAs, money raisers, and…...
Secret to Success: Integrity – NIBA Chairman’s Letter June 2010
Integrity: (i) Consistency of actions, values, methods, measures, principles, expectations and outcomes; (ii) The quality of having an intuitive sense of honesty and truthfulness… Source: Wikipedia, 2010 At the recent NIBA and CTA EXPO events in New York, I met successful IBs and CTAs from all over the country. I sat in on at least a dozen panel discussions and expert presentations. And I re-connected with scores of old friends, many of whom I see regularly at NIBA meetings. When I returned home to Chicago and had a chance to think about all those conversations, it struck me that…...
Times Like These Try a Broker’s Soul: NIBA President’s Message June 2010
The month of May was a treacherous one; continuing concerns over sovereign debt, the stability of the Euro, North Korean saber rattling, and the sustainability of the economic recovery – not to mention the frightening “Flash Crash” of May 6th caused a very volatile market environment. For half the month I was on vacation in Europe. While on this “vacation”, I found myself monitoring the markets nearly 7/24 on my Blackberry and running up a $1,800 cell phone bill. Such is the life of a broker in the 21st century! It is times like these that try a broker’s soul.…...