U.S. derivatives exchange CME Group has announced a $2,000 fine against StoneX Financial, Inc. (StoneX) for violating the CME's rules on reporting large positions.

CME requires clearing members, consolidated accounts, and foreign brokers to submit a daily report covering all reportable positions as specified in CME Position limits, position responsibilities, and reportable levels.

Positions that meet or exceed reportable levels in a particular expiration month of a futures contract, or in all put options or all call options in a particular expiration month of an options contract, are required to be reported.

The CME may require electronic submission of more than one large dealer position report per day. The Business Conduct Committee or the Department of Market Regulation may require any clearing member, consolidated account, foreign broker to submit a report on the number of positions held below the position limit, the position liability and the reportable level table.

In November 2022, StoneX inaccurately reported large dealer positions and only submitted position adjustments after the required deadline. The CME fined StoneX $2,000 for the violation.