Market Data Fees – An Opinion

As the NIBA has been reporting since last November, the CME Group is discontinuing the current market data waiver effective January 2015. For many members of the NIBA and traders at large, the financial impact could be devastating. The Zaner Group, a longtime member of the NIBA located in Chicago, is a well established IB. They are a good example…

Get to Know the Regulators

Information is essential to participants in our markets.  Our markets are ever changing not only with price action but also with best practices and regulations.  NIBA wants to make sure our members know their way around both the NFA and CFTC and as such will be publishing an ongoing series discussing who is who and how you can get a…

CME Group Market Data Policies Update

In November, 2013, the CME Group announced changes to market data license agreements and schedules. The resulting increase in user fees significantly affect all NIBA members. NIBA members voiced several concerns surrounding the changes and the Executive Board of Directors presented them to the exchange. On February 14, 2014, the CME Group released an update to the market data policies.…

UPDATE: CME Market Data Fee Increase Discussion With CME Group

NIBA Members: Thank you for your comments and suggestions regarding the CME market data fee increase announced Nov. 12. Here is a summary of the Dec. 2 meeting with the CME market data team. 1. The size of the fee increase as announced — $85 for each of the 4 exchanges per broker in your office, multiplied by every front…

Global Macro Economics Perspectives

In the United States, all eyes are on the Federal Reserve (Fed). There are three big questions. When and how fast will the Fed begin tapering its asset purchases (QE exit)? Who will President Obama appoint to be the next Chair of the Fed? And finally, well into the future, when will the Fed abandon its near-zero target federal funds…

CME Group Customer Forum Feedback

CME Group wants your feedback on their recent Customer Forum: “In order to provide you with the most relevant and interesting updates on our technology and business initiatives at the CME Group Customer Forum, we ask that you complete this brief survey. This survey will take no more than 10 minutes of your time. For additional information or if you…

Peregrine CEO Wasendorf Gets Maximum

CEDAR RAPIDS, IOWA — Disgraced financier Russell Wasendorf will be at least 107 years old by the time he’s eligible for release from prison under the 50-year sentence handed down Thursday in Cedar Rapids. The former head of the defunct Peregrine Financial Group futures and commodities brokerage stole $215 million from more than 13,000 customers over a 20-year period. The…

Due Diligence Guide to Cash Management

Few aspects of hedge fund due diligence deserve more attention – and receive less – than cash management. Historically, fund managers and investors have focused their evaluations on other, more glamorous parts of a fund’s assets and operation. For some funds, cash balances often represent a substantial percentage of the fund’s total assets. For others, the cash component may be…

The Chairman’s Letter – January 2010

In the coming year, the NIBA is adding two more ways to become a member. First, we are actively expanding our membership to include CTAs. Originally organized as an association for Introducing Brokers, NIBA has been welcoming CTAs to share information and to membership meeting for several years. In 2010, CTAs are invited to join the NIBA with full membership…