NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-33180540

MEMBER FIRM:

FuelX Energy, 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-2303-5 (in part)

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

FINDINGS:

On multiple occasions in February 2023, FuelX Energy, LLC did not report block trades timely and/or with an accurate execution time to the Exchange.  These block trades were executed in May 2024 and June 2024 Henry Hub Natural Gas European Options. 

PENALTY:

On April 17, 2024, pursuant to Rule 512, a fine in the amount of $1,500 was assessed against FuelX Energy, LLC for its violations of NYMEX Rule 526 and NYMEX Rule 526.F.

EFFECTIVE DATE:

May 3, 2024