{
  "id": 5059767,
  "title": "CME fines edge fund traders over disruptive trading",
  "url": "https://urgent.news/2026/09/02/cme-fines-edge-fund-traders-over-disruptive-trading",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T09:54:54.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/cme-fines-edge-fund-traders-over-disruptive-trading/"
  },
  "original_language": "en",
  "account": "CME Group has imposed fines and suspension on two hedge fund traders, Bernie Yu and Jeffrey Liu, following a disciplinary panel's finding of disruptive trading practices. The trades, conducted between November 3 and December 5, 2023, on CME's Globex electronic trading platform, involved repeated creation and execution of User Defined Spreads related to E-mini S&P 500 options and futures. These orders, which included specific quantities and delta levels, led to advantageous allocations of futures contracts, generating $247,048.12 in profits for the traders. Both traders, who neither admitted nor denied the violations, were fined $55,000 and $45,000 respectively, and were ordered to disgorge the full $247,048.12 in trading profits. Additionally, Yu faces a one-month suspension from all CME-owned or controlled trading floors, designated contract markets, derivatives clearing organizations, and swap execution facilities, effective until September 28, 2026.",
  "summary": "CME Group has fined two hedge fund traders and suspended one of them from accessing its markets after a disciplinary panel found that they had engaged in trading practices that resulted in advantageous allocations of futures contracts.",
  "key_points": [
    "CME fines Yu and Liu for disruptive trading",
    "Traders made $247,048.12 in profits",
    "Yu suspended for one month until September 2026"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}