NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX-RSRH-21-6222

MEMBER FIRM:

Sweet Futures 1, LLC

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-2103-5 (in part)

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

FINDINGS:

On 9 occasions in April 2021 and 9 occasions in May 2021, Sweet Futures 1, 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 January 2022 through December 2023 Henry Hub Natural Gas Last Day Financial Futures, April 2021 through December 2024 WTI Financial Futures, January 2022 through March 2023 WTI Average Price Options, and January 2022 through December 2022 Henry Hub Natural Gas Last Day Financial Options.

PENALTY:

On July 14, 2021, pursuant to Rule 512, a fine in the amount of $1,000 was collectively assessed against Sweet Futures 1, LLC for its violations of NYMEX Rule 526, and NYMEX Rule 526.F. (includes Cases NYMEX-RSRH-21-6222 and NYMEX-RSRH-21-6183).

EFFECTIVE DATE:

August 27, 2021