The Board of Directors of the NIBA is pleased to announce that our 25th Anniversary gift to all registered IBs and CTAs is a complimentary 1-year association membership. Just click on https://www.theniba.com/set-password to obtain your member login password. The membership includes: • Complimentary attendance to networking events & conferences • Login access to the Members Only Portal, including research papers and industry related articles • Service provider announcements & discounts For more detailed instructions and help redeeming the offer, please head to https://www.theniba.com/membership-sign-up-help/ The 25th Anniversary Membership also includes a Basic Listing in the Online Broker Directory....
Your Big Chance for Change
On May 3, 2017, the CFTC voted to seek public comment regarding the simplifying of Commission rules. “Project KiSS” under Chairman Giancarlo’s guidance, intends to conduct an internal, agency-wide review of CFTC rules and regulations. The purpose is to identify areas where the rules can be simplified to make them less burdensome and less costly. NIBA will be submitting a response to the CFTC invitation for public comment in behalf of the Association. In order to ensure that our submission fully and accurately reflects the opinions of the membership, I’m requesting that you send me a quick note identifying the....
With Sympathy
Bob Wilmouth: Bob passed away September 14. He was well-known to all of us in the derivatives industry as the founding president of the National Futures Association (NFA) where he served as its first president until 2003. Prior to the NFA, Bob was the President and CEO of the Chicago Board of Trade (CBOT). In 2006, he was inducted into the FIA Futures Hall of Fame. Les Rosenthal: Les passed away September 16. Founder and managing member of Rosenthal Collins Group (RCG), Les began his career in the industry as a runner at the CBOT in 1951. He started Rosenthal....
Chicago Conference Speaker Profile – Megan Glaros
Megan Glaros is the meteorologist for the CBS 2 Chicago Morning News at 4:30, 5, and 6AM. Send An E-Mail To Megan Glaros She returns home to the midwest from WCBS-TV New York, where she had been the weekend morning meteorologist and entertainment reporter since 2008. Megan, a member of the National Weather Association, received her American Meteorological Society accreditation and its Seal of Approval in 2006. http://chicago.cbslocal.com/personality/megan-glaros/ From 2004-08, she worked as the morning and noon meteorologist at WPLG-TV in Miami, Florida. From there, she forecasted for some of the most active hurricane seasons on record, including Katrina,....
Ask NFA – August 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: How do I find information for IBs....
Housekeeping – August 2017
Written by: Mark E. Ruddy, Esq. Maria Fielding, Legal Assistant Three of the Commodity Futures Trading Commission (“CFTC”) Nominees Confirmed The United States Senate confirmed J. Christopher Giancarlo as Chairman and Rostin Behnam and Brian Quintenz as commissioners of the CFTC. The Senate did not vote on the fourth and final nominee currently awaiting confirmation, Dawn DeBerry Stump. As announced in Press Release pr7602-17, Commissioner Quintez was sworn in on August 15, 2017. As acting Chairman, Giancarlo already proposed earlier this year notable restructuring of the CFTC as well as a more thoughtful approach regarding rules and regulations and....
Chicago Conference Keynote Speaker Full Bio
Mr. Schwager is a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com), and a Co-founder of FundSeeder Investments (FundSeederinvest.com), which seeks to connect properly regulated traders with sources of investment capital. Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some....
Liquidity Leaders: CME Group’s Leading Products Guide
View a quarterly listing of CME Group’s leading futures and options contracts. This guide shows the top contracts by asset class in terms of average daily volume and open interest. This resource also highlights information on recent product launches and global partnership data. Q2 Highlights: – Interest Rate OI reached a record 79 million contracts on June 15 – NYMEX WTI Crude Oil ADV surpassed 1.2 million contracts, +19% versus 2016 – FX large OI holders reached a new all-time record high of 1,106 contracts on June 6, up 19% Access Now...
NIBA Annual Fall Chicago Conference
The Annual Fall Chicago Conference is the association’s largest conference of the year hosted by the CME Group in Chicago. We had great success at our 25th Anniversary Conference last year and this year is shaping up to be our best one yet! The full agenda will be released in short order and this year will include never before seen sessions including a cryptocurrency trading panel and the “quant-corner” breakout session. We are also excited to have Chicago’s very own Megan Glaros, Meteorologist for the CBS 2 Chicago Morning News speaking to the membership. Stay tuned for additional details and be....
Can Quantitative Analysis Hone a Discretionary Manager’s Edge?
What is a quant? Wikipedia definition: A quantitative analyst or, in financial jargon, a quant is a person who specializes in the application of mathematical and statistical methods – such as numerical or quantitative techniques – to financial and risk management problems. Amongst traders, “quant” may conjure an image of a nerdy programmer, but we may all employ quantitative analysis in our daily routines. (simple example- if freight train crossing, take longer distance route to save time). To get some perspective, Ryan Griffeth contacted Bernie Kane, who this year joined Ron Anderson as co-manager of County Cork’s discretionary Soybean Crush Spread....