CME Issues Disciplinary Action Regarding Position-Limit Violations

CME Group issued a disciplinary action regarding position-limit violations.

CME Group found that, on August 9, 2011, Credit Suisse Asset Management ("CS") exceeded the spot-month position limit of 6,500 by carrying 6,653 contracts, and that, on August 10, 2011, CS exceeded its position-limit amount again by carrying 7,265 contracts.

CME Group ordered CS to pay a fine of $22,500 and a disgorgement of $98,623.

See: CBOT 11-8472-BC.