CFTC-PR-8942-24 (Aug. 14, 2024)
CFTC Orders Multinational Commodities Trading Firm to Pay $500,000 Penalty for Federal Position Limit Violations. The Matter Represents First Ever Cross-Exchange Violation Charge
Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Vitol, Inc., based in Houston, Texas, and its affiliate, Vitol SA, headquartered in Geneva, Switzerland (collectively Vitol) for exceeding the CFTC’s position limits on aggregate positions across multiple exchanges in contracts that reference crude oil futures traded on the New York Mercantile Exchange (NYMEX) and for exceeding the CFTC’s position limits in live cattle futures contracts traded on the Chicago Mercantile Exchange (CME).
Date: Aug. 14, 2024
Date Accessed: Aug. 19, 2024
Source URL: https://www.cftc.gov/PressRoom/PressReleases/8942-24
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