International derivatives marketplace CME Group has issued a disciplinary notice against HSBC Securities Inc.

Pursuant to an offer of settlement in which HSBC neither admitted nor denied the rule violation or factual finding upon which the penalty is based, a Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that during two consecutive months – November and December 2024 – HSBC erroneously grouped multiple customers by the same customer account numbers despite having multiple legal entity identifiers or customer names associated with these customer account numbers.

As a result, HSBC submitted inaccurate end-of-day gross positions during these two months.

The Panel concluded that HSBC thereby violated CME Rule 980.G. as it relates to Customer Gross Margining Technical Overview Requirements.

In accordance with the settlement offer, the Panel ordered HSBC to pay a $50,000 fine.

The effective date of the disciplinary notice is January 22, 2026.