US operator lifts sanctions against Hana Financial

By Yonhap

Published : Jul 6, 2018 - 13:21
Updated : Jul 6, 2018 - 13:21

The Chicago Mercantile Exchange lifted its suspension of trading through Hana Financial Investment Co. ahead of schedule as of Friday, the South Korean financial entity said.

In May, the CME group, the US derivatives exchange operator, barred the brokerage firm's access to its system for trading overseas futures and options for 60 days up until July 20.

(Yonhap)


The US entity cited Hana's offering of incomplete and inaccurate information on account ownership and transaction rights to customers as a reason for its punitive measures.

"The CME notified us that the suspension is to be terminated as of July 6 after we revised some of our market access and trading procedures," a Hana official said.

After checking its home trading system, the local brokerage firm plans to resume its trading operation soon, with the specific date to be announced later, the official added. (Yonhap)

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The Korea Herald by Herald Corporation