NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-33177036

MEMBER FIRM:

R.J. O’Brien & Associates, LLC – RJO Ethanol

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-2303-5 (in part)

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

FINDINGS:

On multiple occasions in December 2023, R.J. O’Brien & Associates, LLC – RJO Ethanol did not report block trades timely and/or with an accurate execution time to the Exchange.  These block trades were executed in Chicago Ethanol (Platts) Futures and Chicago Ethanol (Platts) Average Price Option.

PENALTY:

On March 6, 2024, pursuant to Rule 512, a fine in the amount of $2,000 was assessed against R.J. O’Brien & Associates, LLC – RJO Ethanol for its violations of NYMEX Rule 526 and NYMEX Rule 526.F.

EFFECTIVE DATE:

March 22, 2024