CME Issues Positions-Related Disciplinary Action

The CME group entities issued disciplinary actions against a firm for violations of the rules of two of its exchanges relating to position change data and concurrent long and short positions.

In CBOT 12-9037-BC, the CME imposed a total fine of $35,000 against the firm for submitting position adjustments to open interest in the August 2012 Soybean and May 2013 Soybean Oil futures contracts, resulting in the overstatement of open interest in violation of COMEX Rule 854.B. Additionally, the CME found that the firm reported inaccurate open interest positions in a June 2013 swap contract, resulting in the understatement of open interest in violation of NYMEX 811.