Merrill Lynch (Australia) Futures Limited (“MLAF”) penalised by ASIC

Reason:
To comply with an infringement notice given to it by the Markets Disciplinary Panel (“the MDP”).
Content of Penalty:

The ASIC Market Integrity Rules (ASX 24 Market) 2010 requires market participants to demonstrate prudent risk management procedures in relation to their futures trading, including to set and document appropriate order limits and maximum price change limits.

Date: 12/09/2017
Amount: 60000.00
Link: http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-311mr-merrill-lynch-australia-futures-pays-60-000-in-infringement-notice-penalty/