Trade War Costs to Consumers, Companies and Nations

New Report: Trade War Costs to Consumers, Companies and Nations Fallout from the escalating U.S.-China trade war will ripple through consumers, companies and the world’s two largest economies. Any hit to the bottom lines of American companies will be modest, relative to the size of overall corporate profits. Learn More    ...

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CFTC Grants NIBA’s No-Action Request regarding certain FASB Changes

On August  13, the CFTC granted no-action and issued a no-action letter regarding certain FASB changes set to take effect as early as December 15, 2018 for certain IIBs, FCMs and other CFTC-registrants that are broker-dealers. The Lease Accounting Update as proposed would have resulted in a decrease in regulatory capital as compared to the current accounting treatment. NIBA submitted a request for no-action to the CFTC on this item in March. SIFMA and the FIA also submitted documentation. In support of our request, we noted that the Lease Accounting Update is purely a matter of accounting that does not....

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IB Handbook

CME Group has posted the latest edition of The Complete IB Handbook on its website at cmegroup.com/ibhandbook, written by Melinda Schramm, Founder & Chairman of the NIBA. Melinda has written the definitive guide on how to become an Introducing Broker and the state of the IB community today. If you want to open your own shop, if you need an attorney or accountant or if you’re preparing for your first audit —  this is the book for you. Based, in large part, on the responses received as a result of the survey of the IB community conducted by Melinda and....

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Chairman’s Letter – August 2018

In 8 BC, the eighth month of the year was named for Augustus Caesar, emperor of Rome, in honor of his several great battle triumphs, including the conquest of Egypt. August is “Happiness Happens Month,” in the U.S., a month-long celebration of sharing happy news. For a good start to NIBA members’ “happy month,” CFTC has notified NIBA it has issued a no-action letter in response to our request submitted in March with regard to the changing FASB rules. Those rules would have had substantial effect on IIBs and FCMs. NIBA requested relief in behalf of its IB members, and....

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CME Advisory Notice

CME Group MRAN 536: Documentation of Customer Orders and Submission of Suspense Accounts on CME Globex Effective on October 1, 2018, and pending all relevant CFTC regulatory review periods, this Market Regulation Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1605-5R from August 19, 2016. This Advisory Notice sets forth the circumstances under which a suspense account may be submitted on orders entered into CME Globex (“Globex”) and the requirements attendant to proper documentation of such orders. For purposes of this Advisory Notice, a suspense account means a temporary holding account that is submitted at the time of order....

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NYC Conference Videos

Video of NIBAs annual spring NYC conference is available online for those who were unable to attend in person.  Sessions included Marketing, Cryptocurrency, Quant Essentials and Compliance Clips.  Please use the link below to enjoy the videos at your convenience. NYC Conference Videos...

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July Housekeeping, Reminders & Updates

Written by:   Mark E. Ruddy, Esq. Maria Fielding National Futures Association (“NFA”) Proposes Virtual Currency Activities Disclosure Requirements NFA submitted an Interpretive Notice to the Commodity Futures Trading Commission (“CFTC”) regarding virtual currency disclosure requirements. Due to the unique nature of virtual currency activities, NFA has determined that customers may not fully understand the nature of and potential risks involved in virtual currency activities. In the notice, NFA also reminds Members of Compliance Rule 2-29, which prohibits the use of any promotional material that is misleading or deceptive; something Members should also consider when drafting virtual currency disclosure materials. Details....

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Market Update: Earnings and Growth

Earnings have shown good results so far, though plenty of reporting remains. Jack Bouroudjian explains why that and Friday’s GDP report could dramatically effect equities markets. The post Market Update: Earnings and Growth appeared first on OpenMarkets. Source: CME Open Markets – Market Update: Earnings and Growth

Market Update: Big Week for Earnings

Several big name stocks report earnings this week, leading up to Friday’s U.S. GDP announcement. That will be the focus for traders, says Jack Bouroudjian. The post Market Update: Big Week for Earnings appeared first on OpenMarkets. Source: CME Open Markets – Market Update: Big Week for Earnings

Market Update: More Headline Risk

Headline risk is moving currency markets, and could it slow the velocity of Fed rate hikes? Jack Bouroudjian discusses that, and why many stocks are laying low for now. The post Market Update: More Headline Risk appeared first on OpenMarkets. Source: CME Open Markets – Market Update: More Headline Risk