On 8 June 2021, ICE FEU issued a fine for crude futures position limit breach
- ICE FEU issued a summary enforcement disciplinary measure against Goldman Sachs for a breach of ICE FEU Exchange Rule P.3 on WTI crude futures position limits.
Alleged Violations
- On 14 January 2021, Goldman held a long position of 3,450 lots in Feb-21 WTI crude futures, 450 lots above allowed position limit violating Rule P.3 on limits, exemptions.
- Goldman had not received an exemption from the exchange to exceed the limit.
Enforcement
- Goldman Sachs is ordered to pay a summary fine in the amount of £17,500.
