ICE Futures U.S. has posted a notice of settlement of charges against GFI Securities Ltd.

On July 16, 2026, a subcommittee of the Exchange’s Business Conduct Committee determined that, from June 2024 through May 2025 (the Relevant Period), GFI may have violated the following Exchange Rules for certain block trades: 4.07(c) by submitting an incorrect execution time and submitting trades beyond the 15-minute reporting window; 6.08(a)(i) by failing to comply with order record requirements; and 6.07(a)(iii) by failing to comply with general recordkeeping requirements.

The Committee further determined that, during the Relevant Period, GFI may have violated Rule 21.04 by failing to produce, in part, any such documents, books, or records in a timely fashion; Rule 4.01(a) by failing to diligently supervise the trade activities of its employees; and Rule 4.01(b) by failing to establish, administer, and enforce supervisory systems, policies and procedures reasonably designed to achieve compliance with Exchange Rules.

The affected products are various energy contracts.

In accordance with the terms of settlement, in which GFI neither admitted nor denied the alleged rule violations, GFI agreed to pay a monetary penalty of $110,000.