CTC LLC agreed to pay a $15,000 fine as part of a settlement covering alleged violations of Cboe Exchange rules.
During or about December 2022 to or about February 2023 (the “Review Period”), the firm failed to report 56 trades executed on the floor within 90 seconds of execution.
Also, during the review period, the company failed to establish, maintain, and enforce written supervisory procedures (WSPs) and a system for implementing such procedures reasonably designed to prevent and detect violations of applicable Exchange rules that require trades to be reported to the Exchange within 90 seconds of execution.
In addition to the $15,000 fine, the company agreed to a censure.