CTC gets a slap on the wrist for violations of Cboe rules
CTC LLC has agreed to pay a fine of $15,000 as a part of a settlement covering alleged violations of Cboe Exchange rules.
During in or about December 2022 through in or about February 2023 (the “Review Period”), the firm failed to report 56 transactions executed on the floor within 90 seconds after execution.
Also, during the Review Period, the firm failed to establish, maintain, and enforce written supervisory procedures (WSPs), and a system for applying such procedures, reasonably designed to prevent and detect violations of applicable Exchange rules that require transactions be reported to the Exchange within 90 seconds of the execution.
On top of the $15,000 fine, the firm has agreed to a censure.