Association of Futures Markets (AFM)

by Melinda Schramm Last week I had the pleasure of speaking at the annual meeting of the Association of Futures Markets (AFM). AFM is trade association open to exchanges, clearing houses, traders and other industry participants whose objective is to promote and encourage the establishment of new derivative and related markets. AFM accomplishes its mission through international conferences at which members strengthens their relationships by sharing information and experiences. Speakers at last week’s meeting included Dr. Richard Sandor, Leo Melamed, John Lothian, Terry Duffy and myself. Topics ranged from the changing landscape of derivatives to FinTech in the exchange space..

NIBA/DePaul University Annual Symposium – July 11

Our DePaul University annual joint symposium is always standing-room-only–make your reservations today. This year’s program includes: • Armchair chat with an industry icon • The state of Managed Business • Issue Briefings – three 15-min presentation on the hottest topics in: 1. Regulation – The NFA 2. Marketing – 16Wells 3. Product – CME Group Of course, there will be plenty of time for networking and catching-up with old friends and colleagues throughout the afternoon and at the closing reception on the outdoor terrace at DePaul’s downtown Chicago campus. Registration is open now. Questions, suggestions – John Roe, event chair,.

Chairman’s Letter – May 2019

May – National Burger Month Mint Juleps NIBA welcomes new members TriNet and Coquest Advisors, LLC, both in the Service Provider category. May has proven to be a busy month — micro e-mini futures launched at the CME Group and appear to be well received. ICE Futures US announced it will begin trading Bakkt-developed bitcoin futures in mid-summer. During the month several notable market commented on the state and future of the industry, including with regard to cybersecurity and competition: – Louis Rosato, BlackRock Investment Operations Group at SIFMA in Boca Raton, FL, “optimal cybersecurity comes from combining human ingenuity.

CME Group Micro E-mini

CME GROUP: Something Big Is Coming to Equities Trading. Micro E-mini Futures. Launching May 2019. Meet Micro E-mini futures, the next big thing in equities trading. Discover the benefits of trading equity index futures for a fraction of the financial commitment, with contracts 1/10th the size of classic E-mini futures. Visit cmegroup.com/microemini for the latest details....

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NYC Thank You!

Thanks to all our Event Sponsors and Speakers for their support and participation in our Annual New York City Meeting. NIBA members learned about everything from changes in tax laws and ISSP regulations to how tariffs are affecting our markets. The armchair chat with Dr. Richard Sandor interviewed by Sandra Smith of Fox News was both educational and really fun. A video of the afternoon’s sessions will be posted on the NIBA website. Event Sponsors: • CME Group • Dorman Trading • Greenberg Traurig Law Offices • Intl FCStone Speakers: • Mike Coglianese, Michael Coglianese, CPA, PC • Mike Philllips....

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Save the Date – July 11th

Registration is now open for the Annual NIBA/DePaul Joint Symposium, July 11 at the downtown Chicago campus of DePaul University. This afternoon event is always standing-room-only — please register early. Three business sessions focused on the latest industry developments including managed futures, and regulation updates are scheduled. Our “armchair icon” interview (TBA) is one of the most enjoyed sessions at all NIBA events. A networking cocktail reception on DePaul’s wonderful outdoor terrace is included. If you have any suggestions or want to volunteer to help out during the event, contact event chairperson John Roe, [email protected] To become a sponsor of....

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Chicago Welcomes AFM

The 2019 Association of Futures Markets (AFM) Annual Conference will be held in Chicago on May 9 & 10th at the Palmer House Hilton. AFM, established in 1998, promotes and encourages the establishment of new derivatives and related markets. Current members include the Indonesian Commodity & Derivatives Exchange, Euronext, FIA and the Federation of Euro-Asian Stock Exchanges, among many others. This year’s annual program includes fireside chats with Terry Duffy and Leo Melamed, and Keynote Presentations by Walt Lukken and Richard Sandor, as well as panel discussions with John Lothian and Melinda Schramm. Visit their website afmorg.net for registration or....

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NFA ISSP Amendments

Reminder: April 1 effective date for amendments to NFA’s Interpretive Notice regarding Information Systems Security Programs—instructions for notifying NFA of applicable cybersecurity incidents In January 2019, NFA issued a Notice to Members announcing amendments to its Interpretive Notice entitled NFA Compliance Rules 2-9, 2-36 and 2-49: Information Systems Security Programs (Interpretive Notice). The amendments provide clarification on common questions related to training obligations and ISSP approval posed by Members to NFA, and impose a narrowly drawn notification requirement to ensure that Members notify NFA of certain cybersecurity incidents related to a Member’s commodity interest activities. The amendments will become effective on April 1, 2019. Cybersecurity incidents....

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Disruptive Trading Practices

Disruptive trading practices are prohibited and specifically addressed within CME rules and regulations.  CME Group’s Market Regulation team has created the following educational course on Distruptive Practices Prohibited.  If you have a few minutes it’s worth a look. Market Regulation: Disruptive Practices Prohibited – Spoofing...

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NYC April 10th

This year’s spring conference is quickly approaching.  The agenda has been set and registration is filling up quickly.  Register here to reserve your spot now.  Here is a peek at this year’s program: Thank You to this year’s Sponsors:  ...

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