• NOTICE OF SUMMARY ACTION

      • #
      • CBOT-DQA-20-0524
      • Effective Date
      • 26 January 2021
    • FILE NO:

      CBOT DQA‐20‐0524

      MEMBER FIRM:

      DV TRADING, LLC

      RULE VIOLATION:

      RULE 536.B GLOBEX ORDER ENTRY

      1.            GENERAL REQUIREMENT

      Each Globex Terminal Operator entering orders into Globex shall accurately input for each Application Message all fields required to be populated by the CME iLink® Message Specifications set forth in the CME Group Client Systems Wiki in effect at the time, including, but not limited to the: operator ID; price; quantity; product; expiration month; CTI code; manual order indicator; and account number (except as provided in Section C), and, for options, put or call and strike price…)

      FINDINGS:

      During the period of July 1, 2020 to September 30, 2020, DV Trading, LLC violated Rule 536.B.1 by failing to accurately input the Operator ID for the specific person who entered manual messages.

      PENALTY:

      On December 16, 2020, DV Trading, LLC pursuant to Rule 512 (“Reporting Infractions”), was collectively issued a $2,000 fine for its violations of Rule 536.B.1 (includes Cases CME-DQA-20-0524, CME-DQA-20-0526, CBOT DQA-20-0524, and CBOT-DQA-20-0526), as follows:  CME $1,000; CBT $1,000.

      EFFECTIVE DATE:

      January 26, 2021