NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-33178211

MEMBER FIRM:

Ginga Global Markets Pte Ltd

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 multiple occasions in January 2024, Ginga Global Markets Pte Ltd did not report block trades timely to the Exchange. These block trades were executed in Argus Propane Far East vs. European CIF ARA Futures, Freight Route Liquid Petroleum Gas Futures, and USD Malaysian Crude Palm Oil Futures.

PENALTY:

On March 6, 2024, pursuant to Rule 512, a fine in the amount of $1,000 was assessed against Ginga Global Markets Pte Ltd for its violations of NYMEX Rule 526 and NYMEX Rule 526.F.

EFFECTIVE DATE:

March 22, 2024