CME fines trader for violating wash trades prohibition
International derivatives marketplace CME Group has imposed a fine of $15,000 on Lewis Langston for violating wash trades prohibition.
International derivatives marketplace CME Group has imposed a fine of $15,000 on Lewis Langston for violating wash trades prohibition.
Jun-Ming Lai entered orders in the June 2020 COMEX Gold futures markets with the intent, at the time of order entry, to cancel the orders to avoid execution.
Tradition Securities and Derivatives LLC gets a fine for alleged violations of COMEX rules concerning trade reporting.
Gold Street will have to pay a fine in the amount of $85,000 for violating CME rules, including ones concerning trade reporting.
Nikita Kartashev is fined $60,000 and will serve a three-year suspension from access to any trading floor controlled by CME Group.
Under an offer of settlement, Tradition Securities & Derivatives LLC neither admitted nor denied the CME Rule violations.
Interactive Brokers has added support for physical delivery of a set of precious metals futures on COMEX, such as Gold and Silver.
Phillip Capital Inc gets a fine for inaccurately reported its large trader positions in CME, CBT, NYMEX, and COMEX contracts.
COMEX has suspended Burr Jennings for six months due to his violation of the Exchange rule prohibiting wash trades.
COMEX will decrease the spot month position limit for the Gold Kilo Futures contract from 6,000 to 1,000 futures contract equivalents.