NOTICE OF SUMMARY ACTION

FILE NO.:

RSRH-19-5444

MEMBER FIRM:

LINK FUTURES, LLC

NYMEX RULE VIOLATION:

MRAN RA-1814-5 Block Trades (in part)

All block trades are subject to the conditions set forth in Rule 526 and in this Advisory Notice. Violations of the Rule or any of the requirements and prohibitions set forth in this Advisory Notice may result in disciplinary action.

Section 7c (in part)

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

FINDINGS:

On eight occasions in March 2019, Link Futures, LLC did not report a block trade in a timely manner or with an accurate execution time to the Exchange. These block trades were executed in April 2019 WTI-Brent Financial Futures, May 2019 Mars (Argus) vs. WTI Trade Month Futures, June 2019 Mars (Argus) vs. WTI Trade Month Futures, June 2019 WTI Houston (Argus) vs. WTI Trade Month Futures, July-December 2019 Argus LLS vs. WTI (Argus) Trade Month Futures Calendar Strip, July-December 2019 WTI Houston (Argus) vs. WTI Trade Month Futures Calendar Strip, July 2019 WTI Midland (Argus) vs. WTI Trade Month Futures, and January-December 2020 WTI Houston (Argus) vs. WTI Trade Month Futures Calendar Strip.

PENALTY:

On May 22, 2019, the Rule 512 designees, pursuant to Rule 512, assessed a fine in the amount of $2,000 against Link Futures, LLC for its violation of NYMEX Rule 526, specifically Section 7c of MRAN 1814-5 on block trades.

EFFECTIVE DATE:

June 14, 2019