NOTICE OF SUMMARY ACTION

FILE NO.:             

CME RSRH-22-6475

MEMBER FIRM:

SCB & Associates Pte. Ltd.  

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 6 occasions in January 2022, SCB & Associates Pte. Ltd did not report block trades in a timely manner to the Exchange. These block trades were executed in March 2022 and April 2022 USD Malaysian Crude Palm Oil Calendar Futures.

PENALTY:

On April 6, 2022, pursuant to Rule 512, a fine in the amount of $1,000 was assessed against SCB & Associates Pte. Ltd. for its violations of CME Rule 526 and CME Rule 526.F.

EFFECTIVE DATE:

April 26, 2022