NOTICE OF SUMMARY ACTION

FILE NO.:

CME RSRH-22-6805

MEMBER FIRM:

Goldman Sachs & Co. 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-2204-5 (in part)

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

FINDINGS:

On eight occasions in December 2022, Goldman Sachs & Co. LLC did not report block trades timely and on two occasions with an accurate execution time to the Exchange.  These block trades were executed in December 2022, February 2023, and March 2023 GBP/USD Monthly Options and March 2023 and June 2023 Three-Month SOFR Futures.

PENALTY:

On February 22, 2023, pursuant to Rule 512, a fine in the amount of $1,000 was assessed against Goldman Sachs & Co. LLC for its violations of CME Rule 526 and CME Rule 526.F.

EFFECTIVE DATE:

March 10, 2023