International derivatives marketplace CME Group has posted a notice of disciplinary action against Marex Professional Trading Services, Inc (MPT).
Pursuant to an offer of settlement in which MPT, a proprietary trading firm located in the United States, neither admitted nor denied the Rule violation or factual findings upon which the penalty was based, a Panel of the Commodity Exchange Business Conduct Committee found that at the close of business on February 27, 2025, MPT held a futures positions in excess of the March 2025 Copper Financial futures limit of 800 contracts by 92 contracts (11.50%).
MPT liquidated this overage on trade date February 28, 2025 to bring its position into compliance, resulting in a $8,050 profit.
The Panel concluded that, as resulted of the foregoing, MPT violated Rule 562.
In accordance with the settlement offer, the Panel ordered MPT to pay a $20,000 fine and to disgorge $8,050.