July 22, 2014
Washington, DC — The U.S. Commodity Futures Trading Commission (Commission) notified ICE Futures U.S. (Exchange) today of the results of a rule enforcement review completed by the Commission’s Division of Market Oversight (Division). The Division assessed the Exchange’s compliance with elements of Core Principles 4 and 5, relating to the Exchange’s market surveillance program.
The Division found that the Exchange has appropriate tools for monitoring daily trading activity and large trader positions. The Exchange also has adequate procedures for monitoring deliverable supply of physical-delivery contracts. Finally, the sanctions for violations related to market surveillance imposed by the Exchange via warning letters and monetary fines are generally reasonable.
The Division identified certain areas in which the Exchange needs to make improvements. The Division recommended that:
Copies of the report are available from the Commission’s Office of Public Affairs, Three Lafayette Centre, 1155 21st Street N.W., Washington, DC 20581, 202-418-5080, or by accessing the Commission’s website at www.cftc.gov.
Last Updated: July 22, 2014