CME suspends trader for wash trades
Tujun Hong will have to serve a five-year suspension from access to any trading floor owned or controlled by CME Group.
Tujun Hong will have to serve a five-year suspension from access to any trading floor owned or controlled by CME Group.
Young Myoung Kim will have to pay a fine in the amount of $50,000 and serve a five year suspension from access to any trading floor controlled by CME Group.
The traders violated a CME rule prohibiting them from prearranging or pre-negotiating any purchase or sale or non-competitive execution of transactions.