NOTICE OF SUMMARY ACTION

FILE NO.:

DQA-20-0281

MEMBER FIRM:

TRADELINK LLC

RULE VIOLATION:

Rule 536.B.1. Globex Order Entry

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’s user ID (Tag 50 ID); price; quantity; product; expiration month; CTI code; automated or manual indicator (Tag 1028); and account number (except as provided in Section C), and, for options, put or call and strike price. The Globex terminal operator’s user ID must be present on each Application Message, including order messages, submitted to Globex. For a Globex terminal operator with access pursuant to Rule 574, the clearing member that guarantees such access to Globex will be responsible for the Globex terminal operator’s compliance with this rule with respect to the following fields: operator’s user ID, CTI code, automated or manual indicator and account number. Notwithstanding, and in accordance with Rule 574, a clearing member must take appropriate action if it has actual or constructive knowledge that a non-member operator has failed to accurately input for each Application Message fields required to be populated by this rule.

FINDINGS:

During the period of October 1, 2019 to December 31, 2019, TradeLink LLC violated Rule 536.B.1 by submitting manual messages using a team Tag 50 ID.

PENALTY:

On April 22, 2020, TradeLink LLC, pursuant to Rule 512 (“Reporting Infractions”), was issued a $2,000 fine for its violation of Rule 536.B.1.

EFFECTIVE DATE:

May 8, 2020