An Introduction for Introducing Brokers Security matters, and the NFA and other financial regulators are pushing to help market participants appropriately protect their customers and themselves against cyber threats which could result in stolen data, compromised systems, and the potential theft of funds or other illegal transactions. An Information Systems Security Program (ISSP) is mandated by the NFA & CFTC for futures market participants including FCMs, CTAs and IBs. An ISSP is a written document that describes the actions a Member takes to protect its systems and data against associated risks. It could save your business. NFA guidance allows Members....
Why Currencies Were Less Oil-Linked in 2018
OPEC’s decision to cut oil production beginning in January 2019 might have been expected to boost oil-linked currencies, but other factors are taking their toll. The currencies most closely associated with crude oil prices are the Canadian dollar (CAD) and the Russian ruble (RUB), although the former is also heavily influenced by U.S. interest rates. Canadian Dollar Correlation between the CAD and oil has risen in recent months and the loonie has been boosted by a cut in production in Alberta that saw Western Canada Select crude surge more than 70 percent, narrowing its discount to the U.S. benchmark, WTI..
Market Update: What Comes After The Rate Hike?
Jack Bouroudjian examines today’s rate hike from the Federal Reserve and how commodity markets and the yield curve responded. The post Market Update: What Comes After The Rate Hike? appeared first on OpenMarkets. Source: CME Open Markets – Market Update: What Comes After The Rate Hike?
Market Update: The Market Awaits FOMC
Ahead of this week’s FOMC meeting, is the market finding its footing? Jack Bouroudjian looks at what traders are expecting from the Fed decision, and how that decision could impact markets in 2019. The post Market Update: The Market Awaits FOMC appeared first on OpenMarkets. Source: CME Open Markets – Market Update: The Market Awaits FOMC
Important Changes coming to Illinois STM Insurance Plans
Illinois lawmakers have taken steps to limit the maximum duration of short-term medical plans (STM plans) from 360 days to 180 days. Earlier this year, Gov. Bruce Rauner vetoed a bill that would apply this limitation, but Illinois lawmakers had enough votes to override that veto. Bill SB1737 is due to go into effect on 1/1/2019. The bill states that STM plans can only be for a duration of 180 days. When a STM plan ends there is a mandatory 60 day break before starting another STM plan. United Healthcare and other carriers are stating that any plan that has....
NIBA NYC 2019 Keynote Speaker “Father of Financial Futures”
The NIBA is pleased to announce renowned financial innovator and entrepreneur, Dr. Richard Sandor will deliver the keynote address at our NYC Conference. If you have not yet registered please take a minute to do so as this event tends to fill up quickly. Richard L. Sandor is chairman and chief executive officer of Environmental Financial Products LLC, which specializes in inventing, designing, and developing new financial markets with a special emphasis on investment advisory services. EFP was established in 1998 and was the predecessor company and incubator to the Chicago Climate Exchange (CCX), the European Climate Exchange (ECX) and....
NIBA Advisory Group
On November 29, the Advisory Group (AG) of the NIBA held its annual meeting at the Union League Club, Chicago. This committee meets one afternoon each year to discuss ideas which are intended to help the NIBA grow and to remain effective and valuable to our members. This year’s meeting overwhelmingly confirmed the Association’s mission of education and recommended several initiatives to the Board of Directors, including new levels of communication between NIBA’s committees and its members. Rodney Dow, The Dow Corp. is the NIBA board member chairing this committee for the third year. Board members Melinda Schramm, Mike Burke,....
Chairman’s Letter – Dec 2018
December got its name from the Latin word decem, meaning ten, because it was originally the tenth month of the year in the Roman calendar which began in March. The winter days following December were not included as part of any month, and later were added to the beginning of the calendar as January and February…but December kept its name. In addition to Hanukkah, celebrated this year from Dec. 2 through Dec. 10 and Christmas, Dec. 25, December brings both National Egg Nog and National Fruitcake Month. The CME Group has completed its acquisition of NEX Group, PLC and its....
CFTC & Compliance Issues for 2019
The beginning of a new year is typically when Commodity Futures Trading Commission (“CFTC”) registered, National Futures Association (“NFA”) member firms are most focused on growing their book of business. While the launch of new marketing or trading campaigns is important, attention to shifting operational and regulatory issues is just as critical to running a successful brokerage and/or trading operation. For Futures Commission Merchants (“FCMs”), Introducing Brokers (“IBs”), Commodity Pool Operators (“CPOs”), and Commodity Trading Advisors (“CTAs”) the end of 2018 is the perfect time to take an account of company regulatory obligations. Based on experience with a diverse group....
NIBA NYC Spring 2019
Planning is well under way for this spring’s annual NIBA NYC event. The date for the event has been set for April 10th and will be held at the prestigious New York Athletic Club in New York City. Registration is open for this event which tends to fill up quickly so be sure to take a minute and reserve your spot. This year’s planning committee is Mike Burke ([email protected]), Steve Petillo ([email protected]) and Melinda Schramm ([email protected]). Please feel free to reach out with suggestions on sessions topics or speakers. Register here for NIBA NYC Spring 2019...