DEUTSCHE BANK SECURITIES INC.
CBOT RULE VIOLATIONS:
536. RECORD KEEPING REQUIREMENTS FOR PIT, GLOBEX, AND NEGOTIATED TRADES
D. Customer Type Indicator (CTI) Codes (in part)
Each clearing member must identify each transaction executed on the trading floor or on the Globex platform on the record of transactions submitted to the Exchange with the correct customer type indicator (CTI) code.
Pursuant to an offer of settlement in which Deutsche Bank Securities Inc. (“Deutsche Bank”) neither admitted nor denied the rule violations upon which the penalty is based, on May 28, 2014, a Panel of the CBOT Business Conduct Committee (“Panel”) found that for the time periods of July 25, 2012, through August 8, 2012, September 24, 2012, through October 7, 2012, April 1, 2013, through April 30, 2013, and November 1, 2013, through November 30, 2013, Deutsche Bank submitted numerous instances of incorrect CTI codes.
The Panel concluded that Deutsche Bank violated CBOT Rule 536.D.
In accordance with the settlement offer, the Panel fined Deutsche Bank $8,000.
May 30, 2014