The Division of Market Oversight of the Commodity Futures Trading Commission (CFTC) has criticised futures exchange ICE Futures US for its failings with regards to its compliance systems. In its recently published rule enforcement on the matter, the CFTC division claims that ICE staff cuts and a lack of investment in compliance automation meant that the exchange was unable to adequately comply with core principles relating to audit trail, trade practice surveillance, disciplinary and dispute resolution programmes.

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