Breaking News

Tag Archives: NIBA

John Lothian Newsletter: NYSE Owner ICE, CME Group Mulling Bids for LSE; U.S. Mortgage-Bond Proposal to Melt 8-Year Freeze Advances; IEX Adjusts Exchange Application to Circumvent Key Objection John Lothian Newsletter,Newsletter

First Read Getting My Start Don Wilson, CEO, DRW Holdings, this week’s guest editor I came to my career choice the way many students do—trying a few things until something sticks. When I started college at the University of Chicago, I was interested in science and math, but wasn’t really sure what to pursue. Eventually I decided that what actually interested me was using math to solve problems and, after some exposure to economics and finance, I realized that applying math to markets in a trading environment would be ideal. Getting instantaneous feedback about the decisions you make and being…

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…

John Lothian Newsletter: JPMorgan settles forex manipulation lawsuit; Ponzi Victims Seek to Query Madoff Before It’s Too Late; Swap Markets Debate Anonymous Trading in SEFs John Lothian Newsletter,Newsletter

First Read Bits & Pieces by John J. Lothian Every year the CBOE holds a press lunch in Chicago in January. It is normally a very nice affair with a good turnout of Chicago-based industry journalists. It was after last year’s press lunch that I wrote a column titled “The CME Should Buy the CBOE Soon.” On January 24, 2014 the price of the CBOE stock was about $50. It closed that day at $50.03. The lowest it has traded since that day is $46.73. Yesterday the shares in CBOE Holdings, Inc. hit $65.00. That is up 30% in about…

JLN Managed Futures: NIBA reports on fees meeting with CME Group; The Overall Buzz about Managed Futures from The Top Managers Themselves; Equinox Announces Consolidation Managed Futures,Newsletter

Lead Stories CME data fee increase more onerous than originally thought Dan Collins, Futures Magazine I ran into an old friend at the Chicago Board of Trade yesterday and he told me the following joke: “What does Obamacare and CME Group’s new data fees have in common? One is 28,000 pages the other is 18 pages and both were voted on without anyone reading them.” http://jlne.ws/1hee3tn***DA: In case you missed Les Rosenthal’s letter, Dan posted it to his blog here: http://jlne.ws/19tcwOm NIBA reports on fees meeting with CME Group Dan Collins, Futures Magazine When the National Introducing Brokers Association saw…