Deutsche Bank gets a slap on the wrist for ICE Futures rule violations
ICE Futures U.S., Inc. has fined Deutsche Bank AG for violating its rules.
The relevant rule states:
- Rule 4.19(c)(i) – Audit Trail Requirements for Electronic Orders Submitted Through Direct Access or Order Routing Systems
Each Clearing Member or Person with Direct Access shall, in accordance with procedures adopted by the Exchange at the time of order generation shall accurately assign and populate the following data elements: (1) Order Routing Trader & Authorized Trader (Tag 116 Left & 116 Right, respectively); (2) account number (Tag 440); and (3) Manual Order Identifier (Tag 1028).
Deutsche Bank AG was issued a summary fine in the amount of $10,000 for violating Rule 4.19(c)(i) by failing to comply with the Exchange’s audit trail requirements between January 1, 2023 and August 7, 2023.
The effective date of the disciplinary notice is April 19, 2024.