U.S. CBOE BZX Position Limit $125k Fine

U.S. CBOE BZX Position Limit $125k Fine

On 15 August 2023, CBOE BZX fined Goldman Sachs re options position limits.

  • CBOE BZX issued letter of consent to Goldman Sachs on position limit procedures.


  • From about October 2018 to February 2021, Goldman Sachs reported 17,600 positions in 23,500 instances with incorrect effective date, due to technological system logic issue.
  • Impacted Large Options Position Report (LOPR) reporting of as-of positions, effective date on positions when it received multiple as-of positions in the same option series.

Violations, Settlement

  • GS found to have violated CBOE BZX Rule 18.10, Reports Related to Position Limits.
  • Goldman consented to a censure and a monetary fine in the amount of $125,000.