Several individuals and one company settled Chicago Mercantile
Exchange charges for varying trade practice violations.
A Panel of the Chicago Board of Trade ("CBOT")
Business Conduct Committee found that on two separate dates a
company held futures equivalent long positions over the spot month
position limit in effect. The company neither admitted nor denied
the CBOT position limits rule violation and agreed (see here and here) to fines of $15,000 and $30,000.
In separate disciplinary actions, the Panel found that brokers
"in the Eurodollar options on futures pit, non-competitively
traded contracts opposite other brokers within the same brokerage
group without bidding or offering his orders in a manner consistent
with open and competitive trades." The individuals neither
admitted nor denied the CBOT open outcry and pre-negotiated trades
rule violations and agreed to fines ranging from $25,000 to
$40,000, and to trading suspensions of ten days each"(see here, here and
