CME Group fines Ontario Teachers' Pension Plan for hog trades

Fri May 2, 2014 3:14pm EDT
 
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CHICAGO May 2 (Reuters) - The Ontario Teachers' Pension Plan Board, which manages investments for Canada's largest single-profession pension plan, violated speculative position limits in CME Group Inc's lean hog futures market, the exchange-operator said on Friday.

Chicago-based CME fined the board $15,000 and ordered it give up nearly $18,000 in profits for exceeding position limits on two dates in March 2013, according to a disciplinary notice. The pension plan had assets worth almost $141 billion as of Dec. 31.

A board representative could not immediately be reached for comment. (Reporting by Tom Polansek; editing by Peter Galloway)