• Reminder Regarding the Prohibition of Food and Beverages on the Trading Floor

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME Group RA0912-5
      • Notice Date
      • 22 October 2009
      • Effective Date
      • 22 October 2009
    • As a reminder, Rule 513 (“Conduct, Apparel and Badges”) and the Access, Conduct and Appearance Code (“Code”) expressly prohibit carrying or consuming food and beverages on the trading floor.  The only exception to the prohibition allows for water, in an approved container, and individually-wrapped (non-chocolate) hard candy and gum on the trading floor. 

       

      Members and their employees are reminded that violations of this prohibition are subject to sanctions pursuant to 513.B. (“Sanctions”), which is set forth below.

       

      513.B.   Sanctions

       

      1.     Designated Exchange officials may impose fines on members or their employees for violations of the Exchange policy concerning access, conduct, and appearance.  Fines imposed pursuant to Rule 513.B.1. are final and may not be appealed.

      2.     A fourth violation of the Exchange policy concerning access, conduct, and appearance within a rolling 18-         month period will be subject to a $1,000 fine.

      3.     A fifth or subsequent violation of the Exchange policy concerning access, conduct, and appearance within a     rolling 18-month period will be referred to a summary proceeding before a Panel of the Floor Conduct      Committee.  The Panel may impose a fine not to exceed $5,000 per violation.

      4.     Notwithstanding any other provision in this Rule, the Chief Regulatory Officer shall have the authority to              impose a fine not to exceed $5,000 per offense on members and their employees for egregious violations of Rule       513.A.

      5.     The Market Regulation Department, at its discretion, may refer any alleged violation of Rule 513 to the                Probable Cause Committee for consideration of charges.

       

      Questions regarding this Advisory Notice may be directed to one of the following individuals:

      Barry Schauer, Lead Trading Floor Investigator – Market Regulation, 312.341.7640

      Patrick Sheahan, Associate Director – CME Security, 312.930.8220

      Rob Stasi, Associate Director – Trading Floor Operations, 212.299.2067

       

      For media inquiries concerning this Advisory Notice, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.