The International Parivatives Marketplace CME Group has published a Disciplinary Action Notice against CTC Energy LLC.

According to a settlement offer, in which CTC Energy LLC did not admit nor denied the rules of the rules or the actual findings on which PANALTY’s panels program, another team of the Business Exchange program (CME Exchange Exchange),

CTC Energy noted that the volume was just below the highest limit for the incentive pool and asked if company B was interested in negotiating SOFR. Company B confirmed its interest in negotiating SOFR and then CTC Energy spoke to Firmmb over the phone.

As explained by Mran RA2112-5R, 1 General Overview of Communications Before Performing, any communication including the discussion, market side or price or a potentially up-to-date order, is a pre-execution communication.

Because CTC Energy and Company B discussed the market side of an impending order during the phone call, this communication was pre-executive communication. After the call, CTC Energy created a box that spread to futures SOFR options three months and, during the next minute, introduced multiple orders to buy the box. Company B negotiated opposite each of these orders.

Transactions resulting from permitted communications prior to execution were not executed in accordance with the requirements set out in Article 539.C.

The team concluded that as a result of the aforementioned, CTC Energy LLC violated the CME 539.A. rule.

According to the settlement offer, the team ordered CTC Energy LLC to pay a fine of $ 70,000.