NOTICE OF SUMMARY ACTION

FILE NO.:

DQA-20-0278

MEMBER:

DEUTSCHE BANK SECURITIES INC.

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, 2019, Deutsche Bank Securities Inc. violated Rule 576 by utilizing a Tag 50 ID which represented multiple users.

PENALTY:

On March 11, 2020, Deutsche Bank Securities Inc., pursuant to Rule 512 (“Reporting Infractions”), was issued a $1,000 fine for its violation of Rule 576.

EFFECTIVE DATE:

March 27, 2020