CME Group imposes $145k fine on Oil Brokerage
International derivatives marketplace CME Group has posted a notice of disciplinary acton against Oil Brokerage Ltd.
International derivatives marketplace CME Group has posted a notice of disciplinary acton against Oil Brokerage Ltd.
The United States National Futures Association (NFA) has ordered Oil Brokerage Limited to pay a $290,000 fine.
Oil Brokerage neither admitted nor denied the alleged rule violations, but agreed to pay a monetary penalty of $185,000.
On 26 occasions in May 2023, Oil Brokerage Limited did not report block trades timely to the Exchange.