NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

ANDREY SKRIPKO

EXCHANGE RULES: RULE 575.A. (DISRUPTIVE PRACTICES PROHIBITED)

All orders must be entered for the purpose of executing bona fide transactions. Additionally, all non-actionable messages must be entered in good faith for legitimate purposes.

A. No person shall enter or cause to be entered an order with the intent, at the time of order entry, to cancel the order before execution or to modify the order to avoid execution.

FINDINGS:

Pursuant to an offer of settlement in which Andrey Skripko (“Skripko”) neither admitted nor denied the factual findings or rule violation upon which the penalty is based, on December 20, 2017, a Panel of the Commodity Exchange (“COMEX”) Business Conduct Committee (“BCC” or “Panel”) found that, on multiple occasions in September 2016, Skripko engaged in certain activity in the Silver and Gold futures markets that consisted of entering 100-lot orders on one side of the market without the intent to trade. Specifically, Skripko entered these 100-lot orders to obtain fills on his smaller resting orders on the opposite side of the market. After receiving fills on his smaller orders, Skripko would cancel the 100-lot orders mostly within seconds.

The Panel found that as a result of the foregoing, Skripko violated Rule 575.A.

PENALTY:

In accordance with the settlement offer, the Panel ordered Skripko to: 1) pay a $45,000 fine; and 2) serve a ten (10) business day suspension of any access to any CME Group Inc. trading floor and of direct and indirect access to all electronic trading and clearing platforms owned or controlled by CME Group Inc., including CME Globex. The suspension shall run from December 22, 2017 through January 8, 2018, inclusive.