• NOTICE OF SUMMARY ACTION

      • #
      • NYMEX-DQA-18-9526
      • Effective Date
      • 11 May 2018
    • FILE NO.:

      DQA-18-9526                                 

      MEMBER FIRM:                        

      INTERACTIVE BROKERS LLC

      RULE VIOLATION:

      Rule 576. IDENTIFICATION OF GLOBEX TERMINAL OPERATORS

      Each Globex terminal operator shall be identified to the Exchange, in the manner prescribed by the Exchange, and shall be subject to Exchange rules. If user IDs are required to be registered with the Exchange, it is the duty of the clearing member to ensure that registration is current and accurate at all times. Each individual must use a unique user ID to access Globex. In no event may a person enter an order or permit the entry of an order by an individual using a user ID other than the individual’s own unique user ID.

      FINDINGS:               

      During the period of October 1 through December 31, 2017, Interactive Brokers LLC violated Rule 576 by submitting Tag 50 IDs representing multiple users, utilized Tag 50 IDs across multiple shifts, and failed to maintain current and accurate registration in the Exchange Fee System.

      PENALTY:     

      On April 25, 2018, Interactive Brokers LLC, pursuant to Rule 512 (“Reporting Infractions”), was collectively issued a $10,000 fine by the Rule 512 Committee for its violation of Rule 576, as follows:  NYMEX - $5,000; COMEX - $5,000.

      EFFECTIVE DATE:                       

      May 11, 2018