NOTICE OF SUMMARY ACTION

FILE NO:

COMEX-DQA‐21‐0744

MEMBER FIRM:

YUANTA FUTURES (HONG KONG) CO. LTD

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 operator 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 operator 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 April 1, 2021 to June 30, 2021, Yuanta Futures (Hong Kong) Co. Ltd violated Rule 576 by submitting an Operator ID used by multiple individuals.  

PENALTY:

On January 26, 2022, Yuanta Futures (Hong Kong) Co. Ltd, pursuant to Rule 512 (“Reporting Infractions”), was collectively issued a $2,000 fine for its violations of Rule 576:  NYMEX  - $1,000, COMEX - $1,000 (see companion case NYMEX DQA-21-0744).

EFFECTIVE DATE:

March 8, 2022