NOTICE OF SUMMARY ACTION

FILE NO.:

COMEX RSRH-22-6745

MEMBER FIRM:

SSY Futures Ltd.

COMEX 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-2204-5 (in part)

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

FINDINGS:

On four occasions in October 2022, SSY Futures Ltd. did not report block trades timely or with an accurate execution time to the Exchange. These block trades were executed in March 2022 Aluminum MW U.S. Transaction Premium Platts (25MT) Futures, November 2022 through March 2023 Aluminum MW U.S. Transaction Premium Platts (25 MT) Futures, July 2023 through September 2023 Aluminum MW U.S. Transaction Premium Platts (25MT) Futures and January 2023 through June 2023 U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures.

PENALTY:

On December 14, 2022, pursuant to Rule 512, a fine in the amount of $1,000 was assessed against SSY Futures Ltd. for its violations of COMEX Rule 526 and COMEX Rule 526.F.

EFFECTIVE DATE:

January 3, 2022