Ice Futures US has published a disciplinary alert against Cofco Shenzhen Trading Services Co., Ltd.
On June 11, 2025, a subcommittee of the Committee on Business Behavior of the Exchange found that Cofco Shenzhen Trading Services Co., Ltd. may have violated the following exchange rules:
- 6.13 (a) (vi) by maintaining positions for a customer in early 2024 (the “relative period”) exceeding various values of position and one month.
- 6.15 (a) omitting to submit position reports to the specified form during the relevant period;
- 4.01 (a) failing to thoroughly supervise its employees at the levels of the position of the exchange; and
- 4.01 (b) The failure to define policies and procedures that are reasonably designed to achieve compliance with the exchange rules.
According to the terms of settlement, in which Cofco Shenzhen did not admit or denied the alleged rules violations, Cofco Shenzhen agreed to pay a monetary penalty of $ 175,000.