Sucden Coffee Netherlands fined for alleged violations of ICE rules
ICE Futures U.S. has announced settlement of charges against Sucden Coffee Netherlands B.V.
On December 10, 2024, a subcommittee of the Exchange’s Business Conduct Committee determined that Sucden Coffee Netherlands B.V. may have violated Exchange Rule 6.18(b) on April 22, 2024 by holding a position in the spot month Coffee “C” futures contract that exceeded the contract’s notice period position limit.
In accordance with the terms of settlement, in which Sucden neither admitted nor denied the alleged rule violations, Sucden agreed to pay a monetary penalty of $20,000 and disgorge $670,987.50 in benefits gained.