As we end 2016 we should all stop in at Ceres in the Chicago Board of Trade Building for a stiff drink and to shake the hand of Billy Assimos. He was the focus of the most read story on www.johnlothiannews.com in 2016, according to Google Analytics. Sarah Rudolph penned the story, “Billy Assimos, the Face of Ceres” in June of this year. Assimos is the longtime manager of Ceres, a restaurant and bar in the CBOT Building, and a friend of many. I guess it pays to serve the stiffest drinks in Chicago. Coming in second place was Jim…
Tag Archives: introducing brokers
25 Years – NIBA’s Schramm and Burke Talk History, Growth and Looking Ahead Interview,Regulation,Video
With the NFA’s creation of Introducing Brokers in 1984, it soon became clear that there was a need for an association for IBs. This newly created group needed a voice and found it with the National Introducing Brokers Association, now celebrating its 25th Anniversary. “The mission is still of education and very much providing a forum for a voice and a way to get our opinions out,” says Melinda Schramm, the NIBA’s founder and chairman. “But the IB community has changed considerably over the years.” While IBs are still all around the country, they’re really value added brokers in today’s…
Getting Squeezed: Introducing Brokers Numbers Waning, Growth Wanting, Future Questioned Blog,Commentary
New Introducing Broker numbers hit historical low; IB Numbers Shrink 17 percent Since Financial Crisis There is a funny story about former MF Global CEO Jon Corzine, when he held his first all company conference call with employees. He said he was impressed with how many investment bankers the firm had, having no clue that the number of IBs affiliated with MF Global actually meant introducing brokers. The fate of the company was probably sealed right then and there. While investment bankers have had their own problems in recent years, it is introducing brokers whose best days seem behind them….
Coquest is making a bigger push into the managed futures space. The firm, which announced the addition of Max Eagye as managing director last week to further expand its managed futures business, sees an opportunity to grow within the space with individual investors, complementing its client base of high net-worth individuals and institutions. John Vassallo, who co-founded Coquest with Dennis Weinman 25 years ago, said the potential for the space is still strong. The firm bought a 50 percent stake in a managed futures broker called Mega Capital six years ago and purchased the rest of the company last year….