ICE Futures US has published a disciplinary notice against COFCO Shenzhen Trading Services Co., Ltd.

On June 11, 2025, a subcommittee of the Exchange’s Business Conduct Committee determined that COFCO Shenzhen Trading Services Co., Ltd. may have violated the following Exchange Rules:

• 6.13(a)(vi) by maintaining positions for a customer in early 2024 (the “Relevant Period”) that were in excess of various applicable all-months and single-month position limits;
• 6.15(a) by failing to submit position reports in the prescribed format during the Relevant Period;
• 4.01(a) by failing to diligently supervise its employees on the Exchange’s position limit levels; and
• 4.01(b) failing to establish policies and procedures reasonably designed to achieve compliance with Exchange rules.

In accordance with the terms of settlement, in which COFCO Shenzhen neither admitted nor denied the alleged rule violations, COFCO Shenzhen agreed to pay a monetary penalty of $175,000.