International derivatives marketplace CME Group has posted a notice of disciplinary action against Junomoneta International (IFSC) Private Limited, a proprietary trading firm located in India.

Pursuant to an offer of settlement in which Junomoneta,, neither admitted nor denied the rule violation or factual findings upon which the penalty is based, a Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that on multiple instances from December 20, 2024, through January 6, 2025, an employee of Junomoneta, entered orders for March 2025 E-mini S&P 500 futures and various weekly E-mini S&P 500 options on futures with the intent, at the time of order entry, to cancel those orders before execution.

Specifically, the employee entered either a larger order or multiple layered orders on one side of the market and then canceled these orders after receiving fills on the smaller resting orders he previously entered on the opposite side of the same or a correlated market.

As a result of the activity, Junomoneta benefitted $8,850.00.

The Panel concluded that as a result of the foregoing and pursuant to CME Rule 433, Junomoneta violated CME Rule 575.A.

In accordance with the settlement offer, the Panel ordered Junomoneta to pay disgorgement of monetary benefits totaling $8,850.