CME Group fines Ontario Teachers' Pension Plan for hog trades

CHICAGO Fri May 2, 2014 3:14pm EDT

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)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article