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[$$] VIX Auction Bets Land Chicago Trader With $1.3 Million Fine

Cboe Global Markets Inc. fined a trading firm for trying to include improper options trades in an auction tied to its marquee product: the VIX volatility gauge. Last year, questions escalated over whether a monthly auction tied to the VIX was being manipulated by traders. On Friday, Cboe said in a disciplinary filing that Akuna Securities LLC submitted S&P 500 option orders to increase the likelihood that certain derivatives bets would be included in the auction that helps determine final VIX settlement values.