New rules will require firms to report position information for the largest futures and options traders to the Commodity Futures Trading Commission (CFTC) with an appendix specifying the substituted applicable data elements.
Order follows a previous penalty for failing to record the phone lines of a trading and sales desk for 20 calendar days between January and February 2014.
The US regulator found that Mizuho failed to make adequate disclosures to customers related to deal-contingent FX forwards from June 2018 to December 2020.
Order found that the bank failed to disclose pre-trade-mid-market marks while also failing to communicate with clients in a fair and balanced manner.
About 2.76% of total US recorded volume during 8 July 2019 to 23 December 2019 was deleted prematurely due to an analyst’s error.
According to CFTC, ICE Clear Europe failed to obtain executed acknowledgement letters from the depository before, during or after the opening of six customer segregated accounts.
Fines follow Citi’s $25 million penalty for spoofing US treasury futures markets in January this year.
Clients were overcharged $7.8 million for clearing and exchange services, according to the CFTC.