NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

LOGISTA CAPITAL 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, in which Logista Capital LLC (“Logista”) neither admitted nor denied the rule violation upon which the penalty is based, on November 18, 2020, a Panel of the NYMEX Business Conduct Committee (“BCC”) found that, at the close of business on April 23, 2020, Logista held a futures equivalent short position of 2,605 contracts in May 2020 Henry Hub Natural Gas Futures (“MAY20 NG”) contracts, which was 96 contracts, or 3.83%, in excess of Logista’s approved hedge exemption in effect for close of business on April 23, 2020. On April 24, 2020, Logista liquidated its overage position, resulting in profits of $13,260.

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

PENALTY:

In accordance with the settlement offer, the Panel ordered Logista to pay a fine to the Exchange in the amount of $12,500 and to disgorge profits in the amount of $13,260.