NOTICE OF SUMMARY ACTION

FILE NO:

CBOT DQA‐23-1087

MEMBER FIRM:

BOFA Securities, Inc.

RULE VIOLATION:

Rule 536.B GLOBEX ORDER ENTRY

GENERAL REQUIREMENT

Each Globex terminal operator entering orders into Globex shall accurately input for each Application Message all fields required to be populated by the CME iLink® Message Specifications set forth in the CME Group Client Systems Wiki in effect at the time, including, but not limited to the: operator ID; price; quantity; product; expiration month; CTI code; manual order indicator; and account number…

FINDINGS:   

During the period of October 1, 2022 to December 31, 2022, BOFA Securities Inc. violated Rule 536.B.1 by submitting incorrect account numbers at order entry.

PENALTY:   

On March 8, 2023, BOFA Securities, Inc., pursuant to Rule 512 (“Reporting Infractions”), was issued a $2,000 fine for its violations of Rule 536.B.1.

EFFECTIVE DATE:

March 24, 2023