NOTICE OF SUMMARY ACTION

FILE NO.:

DQA-19-0228

MEMBER:

THOMAS R. HESSLING (THX)

RULE VIOLATION:

515. REGISTRATION AND IDENTIFICATION OF BROKER ASSOCIATIONS.--

E. TRADING RESTRICTIONS
(In pertinent part)

The Exchange may impose limits on the percentage of brokerage volume that members of a broker association may execute with one another.

FINDINGS:

During September 2019, Hessling’s execution of orders in Eurodollar options and Eurodollar MidCurve options opposite other members of his broker association exceeded the 20% limit established pursuant to Rule 515.E.

PENALTY:

Pursuant to the Rule 515.E. sanction schedule, Hessling was issued a $5,000 fine on November 1, 2019, for his second violation of Rule 515.E. within 12 months.

EFFECTIVE DATE:

November 19, 2019