NOTICE OF SUMMARY ACTION

FILE NO.:

COMP-18-3277

MEMBER FIRM:

PVM Oil Associates Pte Ltd

NYMEX RULE VIOLATION:

526.F. BLOCK TRADES

Unless otherwise agreed to by the principal counterparties to the block trade, the seller, or, in the case of a brokered transaction, the broker handling the block trade, must ensure that each block trade is reported to the Exchange within the time period and in the manner specified by the Exchange. The report must include the contract, contract month, price, quantity of the transaction, the respective clearing members, the time of execution, and, for options, strike price, put or call and expiration month. The Exchange shall promptly publish such information separately from the reports of transactions in the regular market.

MRAN RA-1814-5 (in part)

Market participants must accurately report the execution time of the block trade.

FINDINGS:

On one occasion in September 2018, PVM Oil Associates Pte Ltd did not report a block trade in a timely manner or with an accurate execution time to the Exchange. This block trade was executed in October 2018 Singapore Fuel Oil 380 cst (Platts) Futures.

PENALTY:

On December 12, 2018, the Rule 512 committee, pursuant to Rule 512, assessed a fine in the amount of $1,000 against PVM Oil Associates Pte Ltd for its violation of NYMEX Rule 526.F.

EFFECTIVE DATE:

December 31, 2018