• NOTICE OF SUMMARY ACTION

      • #
      • CME-DQA-18-9558
      • Effective Date
      • 16 February 2018
    • FILE NO.:

      DQA-18-9558

      MEMBER FIRM: 

      ABN AMRO CLEARING CHICAGO LLC

      RULE VIOLATION:

      SPECIAL EXECUTIVE REPORT 7611 (March 4, 2016) – (“UPDATED REQUIREMENTS FOR PROPER RECORDATION, ENDORSEMENT AND KEYPUNCHING OF CME BROKERAGE REASSIGNMENT (“BK”) TRADES”)

      (In pertinent part)

      When keypunching BK trades, firms must comply with the following requirements: 2. BK must be entered in the FRGN EX field on the TCR; 3. The acronym of the upper division member must be entered in the FRGN FRM field on the TCR.

      FINDINGS:

      On multiple occasions during September, October and November 2017, ABN AMRO Clearing Chicago LLC failed to enter BK and the BK broker acronym on the Trade Confirmation Record in violation of the requirements of Special Executive Report S-7611.

      PENALTY:

      On January 31, 2018, ABN AMRO Clearing Chicago LLC, pursuant to Rule 512 (“Reporting Infractions”), was issued a $1,000 fine by the 512 Committee for violations of Special Executive Report S-7611.

      EFFECTIVE DATE:

      February 16, 2018