ICE Futures U.S. has published a summary fine notice regarding Morgan Stanley & Co., LLC.

Morgan Stanley was issued a summary fine of $25,000 for violating ICE Rule 2.12 by failing to accurately report open interest to the Clearing Organization in multiple instances between February 2024 and February 2025.

The affected products are Henry Penultimate Fixed Price Futures.

The relevant Exchange Rule states:

2.12 – Reporting Open Interest to Clearing Organization

Each Clearing Member shall report to the relevant Clearing Organization, on each Exchange Business Day, the open Positions it carries in each Commodity Contract (separately by Customer and proprietary account), including Positions carried for other Clearing Members, in accordance with the Clearing Organization Rules and procedures. The reporting of open Positions in Energy Contracts shall additionally be subject to the requirements of Rule 18.05. On each Exchange Business Day, each Clearing Member shall report to the Clearing Organization any adjustments to be made in the open Positions reported on the previous Business Day, in accordance with the Clearing Organization Rules and procedures. A Clearing Member which has customer or proprietary Positions carried for it by another Clearing Member or by a futures commission merchant which is not a Clearing Member, shall provide to the Clearing Organization such notice and other information as the Clearing Organization may require.