NOTICE OF DISCIPLINARY ACTION

MEMBER:

DV TRADING LLC

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 DV Trading LLC (“DV Trading”) presented at a hearing on September 6, 2018, in which DV Trading neither admitted nor denied the rule violation upon which the penalty is based, a Panel of the New York Mercantile Exchange Business Conduct Committee (“Panel”) found that on trade date November 20, 2017, DV Trading held a long position of 3,756 lots December 2017 Crude Oil Futures which was 756 contracts or 25.20% in excess of the 3,000-lot position limit that went into effect at the close of business on November 15, 2017 and remained in effect for trade dates November 16, 17, and 20, 2017.

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

PENALTY:

In accordance with the settlement offer, the Panel ordered DV Trading to pay a fine to the Exchange in the amount of $40,000.