Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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 CEST

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
React to this article
Latest news
Date Title
10:49a YORKEY OPTICAL CAYMAN : Monthly Return of Equity Issuer on Movements in Securities for the Month ended 30 April 2016(2016.05.03)
10:49a ICADE : Registration Document 2015
10:49a MANCHESTER UNITED : De Gea crowned Man U's Player of the Year award
10:49a LSL PROPERTY SERVICES : Mar 16 Scottish Buy-to-Let Index
10:49a PANMURE GORDON : Picks Adcock To Replace Warner As Chairman
10:49a SOLGOLD : Cascabel Exploration Update
10:49a FCC FEDERAL COMMUNICATIONS COMMISSION : Releases Business Data Services Order and Further Notice
10:49a DAH CHONG HONG : Acquisition of Li & Fung's Asia Consumer and Healthcare Distribution Business
10:49a ITC PROPERTIES : 03 May 2016Monthly Return for the month ended 30th April, 2016
10:49a BEIJING ENTERPRISES CLEAN ENERGY : Monthly Return of Equity Issuer on Movements in Securities (in PDF)
Latest news
Advertisement
Hot News 
BIND THERAPEUTICS : In a Bind, co. files Ch. 11
STADIUM : Trading In Line, Eyeing Consolidating Manufacturing Sites
MINCO : Year End Results 2015
SIMIGON : Wins USD7.9 Million Civilian Aviation Training Deal
THALASSA : Director's Dealing
Most Read News
05/02 GEOOP : joins MYOB’s add-on community
05/02 RIO TINTO COAL AUSTRALIA PTY : reveals its largest violet diamond from the Argyle mine
05/02 HAL HORTICULTURE AUSTRALIA : Expanded access for citrus exports to South Korea
05/02 GEARY COMPANY ADVERTISING : Campaign for Tunica Convention and Visitors Bureau Earns Top Honors at Mississippi Governor's Conference on Tourism
05/02 AEGION CORPORATION : Reports 2016 First Quarter Financial Results
Most recommended articles
01:15aDJUBS Shares Drop As Profit Slumps
04:47aDJBMW Warns of Tough Trading Conditions, Shares Fall -- 2nd Update
04:46aDJCURRENCIES : Euro Leaps Above $1.16 For First Time Since August; Dollar Dives Against Yen
04:41a Banks, markets coping well with ECB policy, may change if more cuts - ECB's Coeure
04:40a EUR/USD TECHNICAL ANALYSIS : Aiming to Extend Win Streak