NOTICE OF DISCIPLINARY ACTION

FILE NO.:

19-9985

MEMBER FIRM:

EAGLE MARKET MAKERS, INC.

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:

Eagle Market Makers, Inc. failed to maintain a complete electronic audit trail for certain dates ranging from August 2017 through June 2018.

PENALTY:

On July 10, 2019 Eagle Market Makers, Inc., pursuant to Rule 512 (“Reporting Infractions”), was issued a $3,000 summary fine by the 512 Committee for its violation of Rule 536.B.2.

EFFECTIVE DATE:

July 29, 2019