National Introducing Brokers Association
From MarketsWiki
| National Introducing Brokers Association | |
| |
| Founded | 1991 |
|---|---|
| Headquarters | Chicago, Illinois |
| Products | Advocacy, Member Conferences |
| Web site | www.theniba.com |
The National Introducing Brokers Association (NIBA) was established as a not-for-profit association in 1991, representing what the NIBA calls the true "unsung" futures salesforce -- IBs. Before NIBA existed, Introducing Brokers had no central organization to ensure that they were represented within the industry.[1]
Contents |
Purpose of NIBA and Conferences
NIBA’s stated objectives are to ensure open channels of communication among individual members, IBs, futures commission merchants FCMs and industry regulators.[2]
NIBA’s holds annual conferences in Chicago[3] and New York aimed at connecting Introducing Brokers from across the country with peers, to exchange ideas, discuss concerns and trade professional experiences.
In addition to the annual conference, NIBA regularly schedules meetings with the National Futures Association and the Commodity Futures Trading Commission to discuss regulatory/policy issues, and with the Chicago, Kansas City, New York and other member exchanges to focus on topics relevant to IBs.
Board Members
2007 NIBA board:
- Melinda Schramm, Chairman, (MHS Capital Resource, Inc., Chicago)
- John Jensen, President (Heritage West Financial, San Diego, CA) term expiring 11/07
- John Conolly, formerly VP, (Advantage Futures LLC, Chicago) term expiring 11/07
- Chris Haverkamp, Secretary (Paragon Investments, Inc., Silver Lake, KS) term expiring 11/08
- Bob Pirie, Treasurer (Lakes Trading Company, Roseberg, OR), term expiring 11/10
- Buck Haworth, (Born Capital LLC, Chicago), term expiring 11/10
- Bucky Isaacson, (Future Funding Consultants, Woodside, CA), term expiring 11/10
- Tim Merryman, (Axum Capital Management, Chicago)
- Bill Purpura (GLT Direct LLP, Long Pond, PA; Floor Broker, Comex, New York City) term expiring 11/08
- Kevin Brennan, FCM Advisor (FC Stone, Chicago)
- Steve Pherson, Legal Advisor (Shuyler , Roche and Zwirner, Chicago)
- Fred Steingraber, Marketing Advisor (Trungale, Egan & Assoc., Chicago)
- Shane Stiles, Media & Web site Advisor (gate39media, Chicago)
FCM Members of NIBA
- ADM Investor Services
- Alaron Trading Company
- CMC Markets
- Dorman Trading
- FC Stone
- Iowa Grain Company
- MF Global
- Peregrine Financial Group
- R.J. O'Brien & Associates
- Rosenthal Collins Group
- Vision Limited Partnership
Exchange Members of NIBA
- CME Group
- HedgeStreet
- Kansas City Board of Trade
- New York Board of Trade
- New York Mercantile Exchange
