International derivatives marketplace CME Group has posted a notice of disciplinary action against Gamma-Q LLC, a registered Commodity Pool Operator and Commodity Trading Advisor in the United States.

Pursuant to an offer of settlement in which Gamma-Q neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that at the close of business on trade date June 5, 2026, Gamma-Q held a long net futures equivalent position of 1,203.648 Lean Hog futures contracts. This position was 253.648 contracts (or 26.7%) over the spot month position limit in effect for June 2026 Lean Hogs futures. On the following trade date June 8, 2026, Gamma-Q liquidated the overage to bring its position into compliance.

The Panel concluded that as a result of the foregoing, Gamma-Q violated CME Rule 562.

In accordance with the settlement offer, the Panel ordered Gamma-Q LLC to pay a fine of $20,000.

The effective date of the disciplinary notice is August 28, 2026.