Page 32 - 期货和衍生品行业监管动态（2024年8月刊）

期货和衍生品行业监管动态

的 5000 份超出 2091 份。2022 年 6 月 15 日，Vitol 的持仓相当于 6074 份合约，

比联邦投机持仓限额规定的 6000 份超出 74 份。而在 2022 年 6 月 16 日，Vitol

的持仓相当于 6594 份合约，比当日联邦投机持仓限额规定的 5000 份超出 1594

份。

命令还指出，2022 年 12 月 5 日，Vitol 持有 771 份 2022 年 12 月的 CME 活

牛期货合约。这比联邦现货月投机持仓限额规定的 600 份合约超出 171 份。

CFTC Orders Multinational Commodities Trading Firm to Pay $500,000 Penalty

for Federal Position Limit Violations (2024/8/14)

Matter Represents First Ever Cross-Exchange Violation Charge

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). The order requires Vitol to pay a $500,000

civil monetary penalty.

This marks the CFTC’s first use of its authority to enforce position limits on

aggregate positions held on multiple exchanges. In addition to imposing a penalty, the

order requires Vitol to cease and desist from further violations of Sections 4a(b) of the

Commodity Exchange Act and CFTC Regulation 150.2, as charged.

“Federal position limits provide an important prophylactic against manipulation,”

said Director of Enforcement Ian McGinley. “Today’s action shows the CFTC will use

its ability to look at positions on and across exchanges to enforce compliance and

protect the integrity of the futures markets.”

Case Background

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