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Akuna Fined for Alleged VIX Derivatives Settlement Violations

February 12, 2019 by Eugene Grygo

Akuna Fined for Alleged VIX Derivatives Settlement Violations

Akuna Securities and CBOE Global Markets officials have settled charges of trading violations via a letter of consent, dated Jan. 31, 2019, that includes a fine of $1.28 million, officials have confirmed. CBOE officials allege that the Chicago-based firm, acting as a broker-dealer, submitted strategy orders on three dates from November 2016 to November 2017… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Clearing, Data Management, Middle-Office, Operational Risk, Risk Management, Governance, Back-Office, Standards, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting Tagged With: Akuna Securitie, Cboe Global Markets, improper final settlement values, trading violations, VIX Options, VX Futures

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