On May 28, 2024, the Chief Regulatory Officer of the US Market Regulation Division of ICE Futures summarily denied Anthony Scigliano and his company, Excelia Investments Limited, direct and indirect access to all Exchange markets and the Exchange’s electronic trading system pursuant to with Rule 21.02(f) .
The Exchange’s summary denial of access to Scigliano and Excelia was based on the Department’s good-faith review of activity that appeared to indicate potential preemptive trading and conduct detrimental to the Exchange. Accordingly, the CRO issued the denial of access to protect the best interests of the Exchange and other market participants.
Pursuant to Rule 21.02(f), this denial of access will continue for a maximum period of 180 days, beginning on the effective date below and continuing through November 24, 2024, unless vacated pursuant to applicable appeal procedures pursuant to Rule 21.02 (f ).
Pursuant to Rule 4.10(e), Clearing Member Responsibilities, the Department requires any Clearing Member that clears client business for the US ICE Futures markets that has a client relationship (directly or indirectly) with Scigliano or Excelia to refuse immediately his access and to contact the Exchange at the email address noted below immediately, but no later than 5:00 p.m. EST on May 28, 2024. Failure to timely notify the exchange of such information may result in a violation of Exchange rules.