NIBA Timeline
NIBA Officially Launches
September 9, 1991
The NIBA is officially formed in July of 1991 to represent Introducing Brokers. Chairman, Melinda Schramm: “We think it’s long past due time that a segment of the industry with 1,800 members has an official voice.” OFFICIAL PRESS RELEASE
NIBA Partners with USDA
July 20, 1992The NIBA partners with the USDA to help keep futures industry participants better informed through shared agricultural markets reports.
3rd Annual NIBA Conference
June 10, 1994
The 3rd Annual NIBA Conference is held at the Hyatt Recency in Chicago; NIBA partners with the Coffee, Sugar, and Cocoa Exchange. Free ethics training is offered to NIBA members.
Melinda Schramm Nominated to CFTC
August 10, 1995
NIBA Chairman Melinda Schramm is nominated for the CFTC by two Illinois Senators.
NIBA Participates in ATO Round Table
December 16, 1995NIBA participates in the first ever round table on Agricultural Trade Options in Bloomington, Illinois.
First NIBA Journal Published
May 1, 1996
The first NIBA Journal is published and sent out to the member community.
NIBA Testifies in HTA Hearing
June 1, 1996NIBA members testify before the U.S. House of Representatives in Washington D.C. regarding specifications in Hedge-to-Arrive contracts (HTAs).
NIBA Celebrates Its 5th Anniversary
September 9, 1996
The NIBA celebrates its 5th anniversary at the Intercontinental Hotel in Chicago, hosting an event with a focus on individual managed accounts.
NIBA Article Featured in Crop Insurance Today
February 1, 1997
The article “What the heck is an IB” authored by NIBA Chairman, Melinda Schramm, is featured in Crop Insurance Today magazine, and discussed how risk management education and programs can be distributed via introducing brokers. VIEW ARTICLE
1997 Conference at KBOT
September 1, 1997
The NIBA holds its annual conference in Kansas City at KBOT, with the Kansas Board of Trade as the official conference sponsor.
NIBA Appoints Board of Directors, Attends FIA Expo
October 14, 1998
NIBA appoints Board of Directors and attends its first year Futures Industry Association (FIA) 14th Annual Expo., Chicago, Illinois, October 14-16, 1998.
NIBA Helps Industry Prepare for Y2K
November 7, 1999NIBA hosts a variety of industry seminars to help the IBs and the derivatives community better prepare for Y2K.
NIBA Holds Annual Board Meeting at MGEX
July 14, 2000
The NIBA holds its annual board meeting at the Minneapolis Grain Exchange (MGEX).
NIBA Lobbies, Wins Representation in NFA
August 8, 2001
NIBA lobbies for representation within the National Futures Association (NFA) and successfully expands its representation from 1 to 2.
NIBA Meets with Presidential Staff Over Futures Transactions
July 8, 2002
NIBA representatives meet with the staff of George W. Bush in Washington D.C. to discuss the association’s opposition to the attacks on futures transactions.
NIBA Promotes Education on Regulation Changes
March 16, 2004NIBA holds formal seminars to further inform the IB community and derivatives industry on Anti-Money Laundering and CIP regulations and rule changes.
NIBA Hosts Webinar and Seminars on NFA Bylaw 1101
February 9, 2006
NIBA holds formal seminars to help educate the IB community and derivatives industry on NFA Bylaw 1101; NIBA hosts its first informative webinar.
NIBA Hosts First New York Member Meeting
October 11, 2006
NIBA hosts its first member meeting at the Exchange Building in New York City, presenting sessions focused on forex and managed money.
NIBA Publicly Supports NFA Notice Requirements
May 8, 2008NIBA publicly supports the enhanced supervisory requirements as described in the NFA’s Interpretive Notice 9021.
NFA Publicly Supports Forex Requirements
July 18, 2008NIBA publicly supports the NFA regulation requirements for forex trading.
NIBA Joins CFTC OCR Requirements Round Table
November 2, 2010
NIBA participates in the CFTC round table on Ownership and Control Reporting (OCR) Data requirements.
NIBA Urges IB Regulation Exemptions
March 11, 2011NIBA representatives publicly urge exemption of IBs from CFTC Regulation 1.71, addressing conflicts of interest policies and procedures by futures commission merchants and introducing brokers.
NIBA Participates in MF Global Hearings
October 1, 2011NIBA representatives participate in court hearings and petitioned to get broker commissions back from MF Global, filing court documentation and participating in the MF Global bankruptcies hearing.
NIBA Joins PFG Hearings
August 29, 2012NIBA representatives actively voice the opinions of the IB community at the court hearings addressing the PFG failures.
NIBA Opposes NFA Requirements
June 12, 2013NIBA representatives publicly oppose the NFA’s minimum capital requirements.
NIBA Hosts 1st Joint Meeting at Arditti Center
July 8, 2014
NIBA hosts its first Arditti Center (DePaul University) joint meeting on July 8th, discussing CFTC Regulation 1.22 and the growing asset class of Managed Futures.
NIBA Submits Opinion on CFTC Residual Interest Deadline
April 5, 2015NIBA officially submits its public opinion on the CFTC Residual Interest Deadline for Futures Commission Merchants.
NIBA Logo Design Evolves
August 20, 2015
Moving to streamline its look and feel, the NIBA logo is redesigned.
NIBA Hosts Annual Board Meeting and Conference in New York
April 19, 2016
NIBA hosts its annual Board Meeting at the New York Athletic Club on April 19th, prior to the 2016 Annual New York Conference.
NIBA Hosts 2nd Annual Joint Meeting at Arditti Center
July 14, 2016
NIBA hosts its second Arditti Center (DePaul University) joint meeting in July, discussing Cybersecurity and as well as Managed Futures. Members were given codes for free AML and ethics training.
September 14, 2016
The NIBA 25th Anniversary Chicago Conference is held at CME Group on September 14, 2016.