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Cboe Exchange fines X-Change Financial Access, floor broker

X-Change Financial Access, LLC (XCHG) has reached a settlement of alleged Cboe Exchange rule violations.

The Decision ordered XFA Senior Managing Partner Timothy Hendricks not to act in a supervisory capacity for XFA for 90 days.

X-Change Financial Access, LLC (XFA) has agreed to pay a fine of $130,000 as a part of a settlement with Cboe Exchange, Inc.

Marex Spectron has signed an agreement to acquire X-Change Financial Access (XFA), an exchange-traded derivatives execution broker.