Sign up for free newsletter

 

Judgement Hammer

CFTC orders D E Shaw & Co to pay USD140,000 for violating soybean and corn futures speculative position limits


The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against commodity pool operator D E Shaw & Co of New York, for exceeding speculative position limits in soybean and corn futures contracts in trading on the Chicago Mercantile Exchange.

The order requires DE Shaw to pay a USD140,000 civil monetary penalty and cease and desist from further violations of section 4a(b) of the Commodity Exchange Act and CFTC regulation 150.2.

The CFTC order finds that on 1 April, 2010, DE Shaw held a short position of 9,894 May 2010 soybean futures contracts – a position that exceeded by 3,394 contracts the single month speculative limit of 6,500 for soybean futures. On 18 June, 2010, DE Shaw held a short position of 13,657 December 2010 corn futures contracts – a position that exceeded by 157 contracts the 13,500 contract single month speculative position limit for corn futures, according to the order.
 


latestjobs
Hedge Fund Software Developer - C++/Java/Python

Tue, 09 Feb 2016 00:00:00 GMT

C/C++ Low Latency Developer – Core Technology

Tue, 09 Feb 2016 00:00:00 GMT

C++ Software Developer- Financial Start Up

Tue, 09 Feb 2016 00:00:00 GMT

events
6 days 59 min from now - Dubai
6 days 59 min from now - Cairo
1 week 59 min from now - New York
3 weeks 59 min from now - New York
specialreports
other gfm publications