ICE Futures U.S. imposes $30k fine on Edgehog Trading International
ICE Futures U.S. has posted a notice of disciplinary action against Edgehog Trading International LLC.
On October 29, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that Edgehog Trading International LLC may have violated Rule 4.19(e) by failing to maintain audit trail records for numerous order messages routed to the Exchange’s Electronic Trade System from August 2020 through January 2021.
The BCC additionally determined that Edgehog may have violated Rule 4.01(a) by failing to ensure that its audit trail retention process was working properly.
In accordance with the terms of settlement, in which Edgehog neither admitted nor denied the alleged rule violations, Edgehog agreed to pay a monetary penalty of $30,000.
