CFTC Releases Rule Enforcement Review of OneChicago, LLC
The CFTC Division of Market Oversight issued the results of a rule enforcement review of OneChicago, LLC ("OneChicago"), stating that it found specific areas where OneChicago should improve its trade practice program.
The DMO recommended, among other measures, that OneChicago:
- take steps to ensure that its compliance surveillance department is staffed adequately to meet OneChicago's self-regulatory responsibilities; and
- increase in a significant way the frequency and number of spot checks of the exchange of futures for physical and block transactions that it conducts annually.
The DMO had no recommendations with respect to OneChicago's automated trade practice surveillance system or the timeliness of its investigations.
The review covered the target period from July 1, 2011 through June 30, 2012.
See: CFTC's Rule Enforcement Review of OneChicago, LLC.