CME Group Issues Disciplinary Actions Regarding Block Trades

CME Group Exchanges, including the Chicago Board of Trade ("CBOT") and New York Mercantile Exchange ("NYMEX"), announced two disciplinary actions regarding block trade violations.

CME Group found that, on multiple dates between February 2011 and October 2011, UBS Securities LLC ("UBS") executed block trades in various treasury and equity futures contracts, and did not report those trades to the CME within five minutes of the time of execution. CME also found that UBS did not maintain accurate records as to multiple block trade executions.

While UBS neither admitted or denied wrongdoing, CBOT and NYMEX ordered UBS to pay a combined fine of $120,000.

See: CBOT 11-8359-BC; NYMEX 11-8359-BC.

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