National Introducing Brokers Association (NIBA)

National Introducing Brokers Association (NIBA) - Pura Lempuyang, Bali, Indonesia
National Introducing Brokers Association (NIBA)

The National Introducing Brokers Association (NIBA) was established as a not-forprofit association in 1991. It is a nationally recognized organization focused specifically on retail professionals in the futures and options business.

Membership is open to all introducing brokers, commodity trading advisors, futures and options exchanges, futures commission merchants, and other futures registrants, vendors, attorneys, accountants, and others having an interrelated interest in the futures industry.

The goals and objectives of NIBA are to make sure the channels of communication remain open to individual members and between introducing brokers, futures commission merchants, and industry regulators allowing members to do better business and find greater opportunities.

NIBA offers training to members through regular meetings and conferences. Meetings with the National Futures Association and the Commodity Futures Trading Commission are usually held on a regular basis to discuss regulatory/policy issues.

Membership permits right to use numerous privileges, as a number of vendors, suppliers, and resource providers to the industry offer reductions/ discounts to members of NIBA toward their products and services.

The futures commissions members are an indispensable part of the organization because they give the board of directors suggestions and clarifications on all aspects from industry alterations to company policy and offer association news to members via newsletters and electronic communication systems. NIBA’s main office is located in Chicago, Illinois.