This year the NIBA has rolled out a number of exciting new changes including our 25th Anniversary “free” membership offer. The NIBAs newsletter continues to be a consistent and reliable source of industry information published twice monthly and covering topics related to education, compliance and innovation. Beginning in December the newsletter will only be accessible to registered members of the NIBA. You will notice the new format in your inbox this month. If you have not done so already be sure to claim your free membership which includes full access to the newsletter content....
Bitcoin: Will the Rally Last?
Report by Erik Norland, Senior Economist at CME Group This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to commodities. What is most striking about the economics of bitcoin is the certainty of its supply and the vagaries of demand. The rate at which bitcoin is mined has been highly predictable and unlike almost any other asset – currencies or commodities – its ultimate supply is a known quantity, fixed well in advance. There will never be more than 21 million bitcoins. This feature makes supply almost perfectly inelastic. No matter....
NIBA Advisory Group Meeting Report
The Advisory Group (AG) of the NIBA met Wednesday, November 29 at the Union League Club in Chicago. This group of industry experts meets once each year to evaluate NIBA’s programs and projects, and suggest ideas for making the Association more effective in our efforts to educate our members and represent their views on all issues which have an effect on our business lives. 2018 group members include: Rob DeMuria, Compliance Supervisors, Inc. Paul Georgy, Allendale, Inc. Mark Haraburda, Barchart Kelly Hartman, CME Group Dr. Carl Luft, DePaul University John Nelson, Applied Research John Roe, BTR Trading Mark Ruddy, Ruddy....
Housekeeping, Reminders & Updates – November 2017
Written by: Mark E. Ruddy, Esq. Maria Fielding The National Futures Association (“NFA”) Requests Nominations for the NFA’s Board of Directors (“Board”) The NFA is reaching out to both NFA members and non-members for nominations to fill impending vacancies of Public Representatives serving on its Board. There are currently five Public Representatives whose terms will expire at the Board’s Annual Meeting in February of 2018. Nominees for the position must have no material relationship with the NFA, as the position is designed to bring a needed impartial, non-member perspective to issues. A Public Representative nominee should, however, be knowledgeable of....
NIBA Cryptocurrency Trading Panel
Bitcoin and cryptocurrency have become the hot topic in trading circles as the CME prepares to launch its Bitcoin futures contract. NIBA featured a cryptocurrency trading panel at its Chicago conference this past September. If you were not in attendance check out the video link below to hear thoughts and predictions on crypto trading and block chain from traders and experts – and yes the call in September was bitcoin is going higher. Featuring Brian Kelly of CNBCs Fast Money and CEO of BKCM a digital asset hedge fund, Chris Tanger – veteran crypto trader, Software Solutions Architect and Entrepreneur,....
Relationship-Based Trading in Agricultural Products
Effective January 8 pending regulatory approval, CME Group will expand relationship-based trading, in the form of block trades and certain types of crosses on Globex, to the full suite of CME and CBOT agricultural products. With relationship-based trading, participants can enter into conversations with other market participants that include discussion of the price, size and direction of an order that may lead to one of two very distinct types of transactions: crossing on CME Globex and block trades. Learn More...
Ask NFA – November 2017
As your industry advocate, the NIBA provides many services which help your business stay in compliance with NFA regulations. “Ask the NFA,” is the way you can ask questions about those regulations and compliance requirements without having to call NFA directly. Just email us at [email protected] and we will get the answers for you. Please keep in mind the purpose of this contact is to keep the lines of communication between the NFA and NIBA members. This month’s questions were selected from those submitted by NIBA members. The answers were supplied by NFA staff. Q: A colleague recently forwarded an NFA Notice....
NIBA Board Elections
The Executive Board of the NIBA has made the following recommendations for election to the Board of Directors. Due to the restructuring of Introducing Broker membership qualification, no individual ballots will distribute this year. Instead this posting acts as notice to the membership of nomination of the candidates. If no other recommendations are received by Nov. 25, 2018, the candidates below are deemed elected. For an initial 3-year term (expiring 2020): Mark Shore, Chief Research Officer of Shore Capital Research LLC www.shorecapmgmt.com has more than 30 years of experience in the futures markets and alternative investments. He publishes research, consults....
Trade the Top of Tech
ICE LAUNCHES NYSE FANG+ INDEX FUTURE ON NOVEMBER 8 The NYSE FANG+ Index™ offers exposure to a select group of highly-traded stocks of tech-enabled companies. Beginning on November 8, 2017, ICE Futures U.S. will launch a new futures contract designed to help you gain or reduce exposure to this key group of growth stocks in a capital efficient manner. The NYSE FANG+ index includes 10 actively traded stocks that represent some of the top innovators across today’s tech-oriented companies. The index’s underlying composition is equally weighted and reconstituted on a quarterly basis, providing a unique performance benchmark that allows for....
Bitcoin Futures are Coming to CME
CME Group will launch Bitcoin futures, based on the CME CF Bitcoin Reference Rate (BRR), in Q4 2017, building off of the success of the BRR and demand for a regulated trading venue for the digital asset market. Subscribe to stay up-to-date on Bitcoin futures contract specifications and launch information. Keep Me informed...