CME fines Peter Kosanovich (MGLA) for “unbusinesslike language”

International derivatives marketplace CME Group has issued a notice of disciplinary action against Peter Kosanovich (MGLA).

On May 20, 2024, a panel of the Floor Conduct Committee found that on April 12, 2024, Kosanovich directed unbusinesslike language at another member, left his area of the pit and stood in another members assigned spot.

The Panel found that in so doing, Kosanovich violated CME Rules 514.A.6 and 514.A.9.

The Panel imposed a fine of $5,000.

Let’s recall that Mr Kosanovich has been fined for misconduct on the trading floor previously. A panel of the Floor Conduct Committee found that on January 6, 2022, Mr Kosanovich used undue force while engaged in a trade dispute with another member in the Eurodollar Options Pit.