NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 08-04731-CTRA-BC

 

MEMBER FIRM:

ABN AMRO CLEARING CHICAGO LLC
(formerly Fortis Clearing Americas LLC)

CME RULE VIOLATION:

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:

Pursuant to an offer of settlement in which ABN AMRO Clearing Chicago LLC (formerly Fortis Clearing Americas LLC) neither admitted nor denied the findings, on May 31, 2011, a Panel of the CME Business Conduct Committee found that in 2008 and the first seven months of 2009, Fortis permitted multiple employees to access the Globex trading platform without submitting a unique, individual Tag 50 user ID. The Panel found that in doing so Fortis violated CME Rule 576.

PENALTY:

In accordance with the settlement offer, the Panel fined Fortis $25,000.

EFFECTIVE DATE:

June 2, 2011