NOTICE OF SUMMARY ACTION

FILE NO:

CME DQA‐21‐0570

MEMBER FIRM:

Yuanta Securities Korea 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 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, 2020 to December 31, 2020, Yuanta Securities Korea Co., Ltd. violated Rule 576 by submitting Operator IDs used by multiple individuals.   

PENALTY:

On February 10, 2021, Yuanta Securities Korea Co., Ltd. pursuant to Rule 512 (“Reporting Infractions”), was collectively issued a $2,000 fine for its violations of Rule 576 (includes Cases CME-DQA-21-0570, CME-DQA-21-0575, NYMEX DQA-21-0570, and NYMEX-DQA-20-0575), as follows:  CME $1,000; NYMEX $1,000.

EFFECTIVE DATE:

March 2, 2021