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US CFTC files first cross-exchange position limits charges

( August 14, 2024, 19:02 GMT | Official Statement) -- MLex Summary: The US Commodity Futures Trading Commission filed its first cross-exchange violation charges under a 2020 rule for exceeding speculative position limits on aggregate positions across multiple exchanges. Houston-based Vitol agreed to pay a $500,000 penalty for its violations and those committed by its affiliate Vitol SA, headquartered in Geneva. The firm exceeded contracts that reference crude oil futures traded on the New York Mercantile Exchange and exceeded limits in live cattle futures contracts traded on the Chicago Mercantile Exchange, the CFTC alleged.Statement follows below:...

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