NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX-RSRH-21-6131

MEMBER FIRM:

Marex Spectron International Limited

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-2013-5 (in part)

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

FINDINGS:

On 4 occasions in February 2021, Third Coast Options, LLC 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 March 2021 RBOB Gasoline Futures, March 2021 Light Sweet Crude Oil Futures, and March 2021 Chicago Ethanol (Platts) Futures.

PENALTY:

On June 2, 2021, pursuant to Rule 512, a fine in the amount of $2,500 was assessed against Marex Spectron International Limited for its violation of NYMEX Rule 526, and NYMEX Rule 526.F.

EFFECTIVE DATE:

June 18, 2021