NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CBOT 16-0416-BC

MEMBER:

Andrew Anaszewicz

CBOT RULE VIOLATION:

Rule 575.A. (DISRUPTIVE PRACTICES PROHIBITED)

All orders must be entered for the purpose of executing bona fide transactions. Additionally, all non-actionable messages must be entered in good faith for legitimate purposes.

A. No person shall enter or cause to be entered an order with an intent, at the time of order entry, to cancel the order before execution or to modify the order to avoid execution.

FINDINGS:

Pursuant to an offer of settlement in which Andrew Anaszewicz (“Anaszewicz”) neither admitted nor denied the rule violation upon which the penalty is based, on September 26, 2017, a Panel of the Chicago Board of Trade Business Conduct Committee (“Panel”) found that on multiple dates between September 2015 and April 2016, Anaszewicz entered and cancelled multiple layered orders on one side of one or more of the 5-Year U.S. Treasury Note futures, 10-Year U.S. Treasury Note futures, and 30-Year U.S. Treasury Bond futures markets, without the intent to trade the orders. Specifically, Anaszewicz layered orders on one side of the order book in one or more markets, then subsequently placed a smaller order on the opposite side of the same market or correlated CBOT futures market. Once the smaller order traded, he cancelled the layered orders on the opposite side of the market. The Panel thereby concluded that Anaszewicz violated CBOT Rule 575.A.

PENALTY:

In accordance with the settlement offer, the Panel ordered Anaszewicz to: 1) pay a $50,000 fine; 2) pay disgorgement in the amount of $5,296.88; and 3) serve a four-week suspension of any access to any CME Group Inc. trading floor and of direct and indirect access to all electronic trading and clearing platforms owned or controlled by CME Group Inc., including CME Globex. The suspension shall run from September 28, 2017 through October 26, 2017, inclusive.

EFFECTIVE DATE:

September 28, 2017