ICE Futures U.S. has posted a disciplinary notice against Amius Limited.

A subcommittee of the Exchange’s Business Conduct Committee determined that on one day in January 2024, Amius Limited may have violated Exchange Rules 4.06(b)(i) and (ii) by executing multiple non-bona fide Exchange of Options for Options (EOOs) in the Coffee “C” options contract without the simultaneous exchange of a corresponding OTC option transaction between the counterparties to the EOOs.

Additionally, the Committee determined that Amius may have violated Exchange Rule 4.01(b) by failing to establish, administer, and enforce supervisory systems, policies, and procedures reasonably designed to achieve compliance with Exchange for Related Position requirements.

In accordance with the terms of settlement, in which Amius neither admitted nor denied the alleged rule violations, Amius agreed to pay a monetary penalty of $50,000.