Hedgeweek: CFTC releases rule enforcement review of ICE Futures US

19 December 2012

The Commodity Futures Trading Commission has notified ICE Futures US of the results of a rule enforcement review completed by the commission’s division of market oversight. The review covered the target period from 1 November 2010 to 1 November 2011.

The division assessed the exchange’s compliance with new Core Principle 13, relating to the exchange’s disciplinary programme.

The division found that the exchange maintains an adequate disciplinary programme. The exchange has the authority to investigate potential rule violations, prosecute cases, and discipline members who are found to have violated exchange rules. The division found that the exchange maintains a small but highly experienced staff in its compliance department.  The division believes that the number of compliance personnel was sufficient for enforcement purposes during the target period.

Although the division believes that the exchange maintains an adequate disciplinary program, the division identified certain areas in which the exchange needs to make improvements.

The division recommended that:

 

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