International derivatives marketplace CME Group has posted a notice of disciplinary action against TFS Derivatives, Ltd.

Pursuant to an offer of settlement in which TFS neither admitted nor denied the rule violations or factual findings upon which the penalty is based a Panel of the New York Mercantile Exchange

Business Conduct Committee found that on several occasions from March 6, 2023, through March 31, 2023, and from June 2, 2023, through June 20, 2023, TFS submitted block trades to the Exchange with inaccurate execution times and failed to report block trades to the Exchange within the required time period following execution in various NYMEX Energy futures and spread markets.

Additionally, the Panel found that TFS failed to diligently supervise its employees by failing to properly advise and train its employees as to relevant Exchange Rules and Market Regulation Advisory Notices (“MRANs”) in a manner sufficient to ensure compliance with the same.

The Panel concluded that TFS thereby violated NYMEX Rules 526, 526.F., and 432.W.

In accordance with the settlement offer, the Panel ordered TFS to pay a $125,000 fine.