• NOTICE OF SUMMARY ACTION

      • #
      • CME-18-9517
      • Effective Date
      • 02 April 2018
    • FILE NO.: 

      18-9517                      

      MEMBER FIRM:

      CREDIT SUISSE INTERNATIONAL

      RULE VIOLATION:

      Rule 536.B.2 Electronic Audit Trail Requirements for Electronic Order Routing/Front-End Systems

      Entities certified by the Exchange to connect an order routing/front-end system to the Globex platform through the CME iLink® gateway are responsible for creating an audit trail of each message entered into Globex. Clearing members guaranteeing a connection to Globex are responsible for maintaining or causing to be maintained the electronic audit trail for such systems. This electronic audit trail must be maintained for a minimum of 5 years, and clearing members must have the ability to produce this data in a standard format upon request of Market Regulation.

      Each such electronic audit trail must be complete and accurate and account for every electronic communication such system receives or generates, including any electronic communication such system receives from Globex.

      FINDINGS:

      Credit Suisse International failed to maintain a complete electronic audit for certain dates ranging from 2014 to 2017.

      PENALTY:

      On March 14, 2018 Credit Suisse International was issued a $2,000 fine by the 512 committee for its violation of Rule 536.B.2.            

      EFFECTIVE DATE:

      April 2, 2018