This handbook is a how-to guide describing all the steps that a new IB would take. Some of the steps include registration, business plans, and first audits.
Introducing Brokers (IBs)
A description of IBs and what they do. Includes the background and other qualifications IB owners have, who their customer are and what they trade.
Registration
Describes who has to register and how to register. Includes sections on the difference between IIBs and GIBs, registration requirements and avoiding common errors on the paperwork.
FCMs and the IBs Contract
Focuses on the relationship between an FCM and an IB. Includes tips for finding the right FCM and negotiating a clearing agreement.
Business Plan
Instruction for developing a realistic, common-sense approach to the business aspects of running an IB
The Regulators
Explains who regulates the futures and options industry, and how the CFTC and NFA function
Fist Audit
Focuses on what to expect in the first audit of an IB. Includes tips on preparing for the audit and what the regulators will look for during the Audit
Resources
A guide to the Internet and other resources for sales support and news.
Organizations
Membership organizations available to IBs which offer benefits such as education, representation and networking with other professionals. |
