On May 28, 2024, the Chief Regulatory Officer of ICE Futures U.S.’ Market Regulation Department summarily denied Anthony Scigliano and his firm, Excelia Investments Limited direct and indirect access to all Exchange markets and the Exchange’s electronic trading system pursuant to Rule 21.02(f).
The Exchange’s summary access denial of Scigliano and Excelia was based on the Department’s good faith review of activity that appeared to suggest potential pre-arranged trading and conduct detrimental to the Exchange. Accordingly, the CRO issued the access denial to protect the best interests of the Exchange and other market participants.
Pursuant to Rule 21.02(f), this access denial will continue for a maximum period of 180 days, commencing on the effective date below and continuing through and including November 24, 2024, unless vacated in accordance with applicable appeal procedures under Rule 21.02(f).
In accordance with Rule 4.10(e), Clearing Member Responsibilities, the Department requests that any Clearing Member that clears customer business for ICE Futures U.S. markets that has a customer relationship (directly or indirectly) with Scigliano or Excelia immediately deny their access and contact the Exchange via the email address noted below immediately, but no later than 5:00 p.m. EST on May 28, 2024. Failure to promptly notify the Exchange of such information may result in a violation of Exchange rules.
