NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

ASPIRE COMMODITIES LP

NYMEX RULE VIOLATION: 562. POSITION LIMIT VIOLATIONS

Any positions in excess of those permitted under the rules of the Exchange shall be deemed position limit violations.

FINDINGS:

Pursuant to an offer of settlement Aspire Commodities LP (“Aspire”)  presented at a hearing on October 5, 2016, in which Aspire neither admitted nor denied the factual allegations or the NYMEX rule violation upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee (“BCC”) found that it had jurisdiction over Aspire pursuant to Exchange Rules 402 and 418, and that on trade date March 17, 2016, Aspire held a futures equivalent short position of 3,535 contracts in April 2016 Light Sweet Crude Oil Futures (“APR16CL”), which was 535 contracts, or 17.83%, over the standard expiration month limit, which went into effect at the close of business on March 16, 2016 and remained in effect through March 23, 2016.  The Panel also found that on trade date April 27, 2016, Aspire held a futures equivalent short position of 1,075.75 May 2016 Henry Hub Natural Gas Look-Alike Last Day Financial Futures (“MAY16HH”), which was 75.75 contracts, or 7.575%, over the standard expiration  month limit in effect for trade dates April 25, 26, and 27, 2016.

The Panel found that as a result, Aspire violated Rule 562.

In accordance with the settlement offer, the Panel ordered Aspire to pay a fine to the Exchange in the amount of $35,000.