NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-22-6633

MEMBER FIRM:

Trident Brokerage Services 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-2202-5 (in part)

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

FINDINGS:

On six occasions in June 2022, Trident Brokerage Services LLC did not report block trades with an accurate execution time to the Exchange. These block trades were executed in August 2022, December 2022, and December 2023 Light Sweet Crude Oil Futures and Options, November 2022 and January 2023 Henry Hub Natural Gas European Financial Options, and January 2023 Henry Hub Natural Gas Look-Alike Penultimate Financial Futures.

PENALTY:

On September 21, 2022, pursuant to Rule 512, a fine in the amount of $1,000 was assessed against Trident Brokerage Services LLC for its violations of NYMEX Rule 526 and NYMEX Rule 526.F.

EFFECTIVE DATE:

October 7, 2022