FILE NO.:                          

RSRH-18-5259

MEMBER FIRM:                                      

J.P. Morgan Securities plc

CME 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 four occasions in September 2018, JP Morgan Securities plc did not report a block trade in a timely manner or with an accurate execution time to the Exchange. These block trades were executed in December 2018 E-mini Materials Select Sector Futures, December 2018 E-mini Health Care Select Sector Futures, and December 2018 E-mini Consumer Discretionary Select Sector Futures.

PENALTY:                         

On January 10, 2019, the Rule 512 committee, pursuant to Rule 512, assessed a fine in the amount of $1,500 against J.P. Morgan Securities plc for its violation of CME Rule 526.F.

EFFECTIVE DATE:            

January 29, 2019