Page 42 - 期货和衍生品行业监管动态（2023年9月刊）

期货和衍生品行业监管动态

算的所有交易和订单数据。上述措施包括聘请新的监控服务供应商、重新处理和

审查未实时审查的数据、增聘交易监控专岗员工，以及采取控制措施以确保与交

易所数据的连接。

CFTC Orders Chicago-based Advantage Futures LLC to Pay $395,000 for

Supervision Failures (2023/9/20)

The Commodity Futures Trading Commission today issued an order

simultaneously filing and settling charges against Advantage Futures LLC, a registered

futures commission merchant based in Chicago, Illinois, for failing to diligently

supervise the handling of commodity interest accounts, which resulted in incomplete

and inadequate oversight of its surveillance of customers’ trading activity for disruptive

trading over a four-year period, in violation of CFTC regulations.

The order requires Advantage to pay a $395,000 civil monetary penalty and to

cease and desist from any further violations of its supervisory requirements, as charged.

Case Background

According to the order, Advantage’s policies and procedures specified that

customer trades it cleared would be surveilled for disorderly trading using complex

trade analysis software. However, during the relevant period, Advantage did not fully

comply with its policies and procedures and failed to process and surveil three separate

sets of customer order and execution data over three distinct periods.

According to the order, Advantage’s surveillance vendor failed to process data for

one exchange’s futures contracts between July 2018 and December 2020. This lapse

occurred because Advantage’s vendor dropped one of the data feeds after testing was

complete and surveillance went live. Advantage did not ensure its vendor was receiving

and processing all customer trade data, which resulted in certain of its customers’

products trading not being surveilled for nearly two and a half years.

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