ICE Futures US has published a disciplinary action against Aspire Commodities LLC.
A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that Aspire Commodities LLCmay have violated Rule 6.20(c) on December 23, 2022 and May 25, 2023 by inadvertently establishing a position in the spot month NYMEX Henry Hub Natural Gas Future (NG) while holding a position in the spot month Henry LD1 Fixed Price Future (H) that was over the spot month position limit pursuant to a Conditional Limit application.
The Committee also found that Aspire may have violated Rule 4.01(a) by failing to diligently supervise the Exchange-related activities of its employees and Rule 4.01(b) by failing to establish, administer, and enforce supervisory systems, policies, and procedures reasonably designed to achieve compliance with Exchange rules.
