NOTICE OF SUMMARY ACTION

FILE NO.:

CME RSRH-21-6447

MEMBER FIRM:

BNP Paribas Securities Corporation  

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.

MRAN RA-2109-5 (in part)

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

FINDINGS:

On 3 occasions in December 2021, BNP Paribas Securities Corporation did not report block trades in a timely manner or with an accurate execution time to the Exchange. These block trades were executed in December 2021 and March 2022 E-mini Russell 1000 Value Index Futures.

PENALTY:

On March 25, 2022, pursuant to Rule 512, a fine in the amount of $1,000 was assessed against BNP Paribas Securities Corporation for its violations of CME Rule 526 and CME Rule 526.F.

EFFECTIVE DATE:

April 13, 2022