Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

CFTC - U.S. Commodity Futures Trading Commission : CFTC Releases Rule Enforcement Review of the CBOE Futures Exchange

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/09/2013 | 11:45pm CET

September 9, 2013

Washington, DC - The Commodity Futures Trading Commission (Commission) today notified CBOE Futures Exchange (CFE) of the results of a rule enforcement review completed by the Commission's Division of Market Oversight (Division). The review covered the target periods from November 1, 2009 to November 1, 2010 (first target period) and November 1, 2010 to August 1, 2012 (second target period). The Division evaluated the Exchange's compliance with Core Principles 10 (Trade Information) and 17 (Recordkeeping), which relate to an exchange's audit trail program for the recording and safe storage of trade information in a manner which enables prevention of customer and market abuses and enforcement of exchange rules.

The Division found that CFE maintains an adequate audit trail program, and commends the Exchange for substantial improvements during the second target period, including the development of a comprehensive new audit trail exam program and a significant increase in staffing.

Although the Division found that the Exchange's overall audit trail program was adequate, it also identified specific areas in which CFE should improve. Specifically, the Division recommended that all logs maintained by CFE contain accurate and meaningful dates, including the dates on which staff began and completed its work on a matter. Similarly, the Division recommended that CFE include in its case reports the date on which the report was approved by senior compliance staff and the signature of the approving compliance official.

The Division also recommended that the Exchange reduce the time it takes to complete audit trail investigations, and that it continue to focus on reducing the time taken to complete annual audit trail exams of trading privilege holders.

Lastly, the Division found the quality and documentation of CFE's investigations and examinations work to be thorough and complete, with one exception. Accordingly, the Division recommended that the Exchange take prompt disciplinary action when it identifies violations of its audit trail or recordkeeping requirements by persons subject to CFE's rules.

Copies of the report are available from the Commission's Office of Public Affairs, Three Lafayette Centre, 1155 21st Street N.W., Washington, DC 20581, 202-418-5080, or by accessing the Commission's website at www.cftc.gov.

Last Updated: September 9, 2013

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
03:18a CYRUSONE : IT Pros Must Prepare Disaster Recovery Plans
03:18a CYRUSONE : Expands Chicago Presence, Begins Construction of Second Data Center on Aurora Campus to Meet Customer Demand
03:18a CYRUSONE : FTC Rolls Out More Data Security Rules
03:18a CYRUSONE : Government Agencies Doing More To Detect Breach Risks
03:18a CYRUSONE : Companies Must Have Data Breach Plans In Place
03:18a CYRUSONE : Data Security is Critical To Maintaining Consumer Confidence
03:18a CYRUSONE : IT Pros Have To Grapple With Data Mobility
03:15a CONTAINER STORE : SDPD seeks man who used hatchet in robbery attempt
03:13a MAYOR EMANUEL : Gov. Rauner 'bailed out' power companies, bailed on CPS kids with pension veto
03:10a SEARS : Mnuchin leaves Sears Holdings board as Trump picks him for Treasury secretary
Latest news
Advertisement
Hot News 
16.12%PANDORA MEDIA : Open to Sale -CNBC's Faber
4.77%EXCLUSIVE - TRUMP FINANCIER LADDER CAPITAL EXPLORES SALE : sources
8.45%BERKELEY : says demand down 20 percent after tax hike, Brexit
-2.22%STARBUCKS : CEO steps down to focus on high-end coffee, shares fall
-2.78%BARCLAYS : Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case
Most Read News
06:24p Obama bars China's Fujian from buying Aixtron's U.S. business
08:04p U.S. greenlights Norwegian Air flights in blow to U.S. industry
08:01pDJUNITED TECHNOLOGIES : State, Local Officials See Pluses, Minuses of Trump's Carrier Deal--2nd Update
07:29p MIDNIGHT SUN MINING CORP : Midnight Sun Mining Corp. Closes Final Tranche of Private Placement
06:10p Grades narrow slightly on second day of new trade cycle
Most recommended articles
08:37a Platts considers first addition to Brent basket since 2007
11/30DJCash Crunch Looms Over India's Growth Spurt
11/27DJOil Industry Anticipates 'Peak Demand' Day of Reckoning
08:04p U.S. greenlights Norwegian Air flights in blow to U.S. industry
08:01pDJUNITED TECHNOLOGIES : State, Local Officials See Pluses, Minuses of Trump's Carrier Deal--2nd Update