NOTICE OF SUMMARY ACTION

FILE NO.:

RSRH-19-5521

MEMBER FIRM:

TJM Institutional Services

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-1906-5 (in part)

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

FINDINGS:

On three occasions in June 2019, TJM Institutional Services 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 August 2019, September 2019, and October 2019 Henry Hub Natural Gas European Financial Options, and August 2019, September 2019, and October 2019 Henry Hub Natural Gas Look-Alike Penultimate Financial Futures.

PENALTY:

On August 22, 2019, the Rule 512 committee, pursuant to Rule 512, assessed a fine in the amount of $1,500 against TJM Institutional Services for its violation of NYMEX Rule 526 and NYMEX Rule 526.F.