NOTICE OF SUMMARY ACTION

FILE NO.:

CME DQA-21-0752

MEMBER FIRM:

INTERACTIVE BROKERS LLC

RULE VIOLATION:

Rule 576. IDENTIFICATION OF GLOBEX TERMINAL OPERATORS

Each Globex terminal operator shall be identified to the Exchange, in the manner prescribed by the Exchange, and shall be subject to Exchange rules. If user IDs are required to be registered with the Exchange, it is the duty of the clearing member to ensure that registration is current and accurate at all times. Each individual must use a unique user ID to access Globex. In no event may a person enter an order or permit the entry of an order by an individual using a user ID other than the individual’s own unique user ID.

FINDINGS:  

During the periods of August and September 2021, Interactive Brokers LLC violated Rule 576 by submitting default Operator IDs that represented multiple individuals.

PENALTY:   

On January 26, 2022, pursuant to Rule 512 (“Reporting Infractions”), Interactive Brokers LLC was issued a $2,000 fine for its violations of Rule 576.

EFFECTIVE DATE:

February 11, 2022