NOTICE OF SUMMARY FINE

FILE NO.:

CME RSRH-21-6155

MEMBER FIRM:

Third Coast Options, LLC

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.

FINDINGS:

On 15 occasions in March 2021, Third Coast Options, LLC did not report a block trade in a timely manner to the Exchange.  These block trades were executed in March 2021, April 2021, and May 2021 S&P 500 Weekly and End-of-Month Options.

PENALTY:

On May 25, 2021, pursuant to Rule 512, a fine in the amount of $5,000 was assessed against Third Coast Options, LLC for its violation of CME Rule 526, and CME Rule 526.F.

EFFECTIVE DATE:

June 21, 2021