ICE Futures US, Inc. fined Deutsche Bank AG for breaching its rules.
The relevant rule states:
- Rule 4.19(c)(i) – Audit Trail Requirements for Electronic Orders Submitted Through Direct Access or Order Routing Systems
Each Clearing Member or Direct Access Person shall, in accordance with the procedures adopted by the Exchange at the time of order creation, assign and accurately complete the following data items: (1) Trader & Authorized Trader order routing (Tag 116 Left & 116 Right , respectively); (2) account number (Tag 440). and (3) Manual Order ID (Tag 1028).
Deutsche Bank AG was summarily fined $10,000 for violating Rule 4.19(c)(i) by failing to comply with Exchange audit trail requirements between January 1, 2023 and August 7, 2023.
The effective date of the disciplinary notice is April 19, 2024.