CME Group has published a notice of disciplinary action as to Marex Spectron International Limited.
Pursuant to the offer of settlement in which Marex Spectron International Limited neither admitted nor denied the rule violations upon which the penalty is based, a Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that from July 26, 2021, through July 30, 2021, Marex traders, through a broker, executed multiple block trades in E-Mini S&P 500 Put options opposite another account with common beneficial ownership. Therefore, the Panel found that Marex violated CME Rule 534.
CME Rule 534 states:
“Wash Trades Prohibited
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