NOTICE OF SUMMARY ACTION

FILE NO.:

CME RSRH-19-5594

MEMBER FIRM:

GOLDMAN, SACHS & COMPANY

CME RULE VIOLATIONS:

561. Reports of Large Positions

(In pertinent part)

Clearing members, omnibus accounts and foreign brokers shall submit to the Exchange a daily report of all positions required to be reported as set forth in the Position Limit, Position Accountability and Reportable Level Table in the Interpretations Section at the end of Chapter 5.

Positions at or above the reportable level in a particular expiration month of a futures contract, or in all puts or in all calls of a particular option contract expiration month, are required to be reported. For an account with reportable positions in a particular contract, all positions, regardless of size, in any contract month and in any contract that aggregates with that contract must be reported.

The daily large trader position report submitted to the Exchange must also include, for each reportable account, 1) the EFRP volume bought and sold in the reportable instrument, by contract month, and for EOOs by put and call strike and 2) the number of delivery notices issued and the © Copyright Chicago Mercantile Exchange, Inc. All rights reserved. Page 39 of 54 number of deliveries stopped in the reportable instrument…

The Exchange may require that more than one large trader position report be electronically submitted daily. The Business Conduct Committee or the Market Regulation Department may require reports or additional account identification from any clearing member, omnibus account or foreign broker on a lesser number of positions than reflected in the Position Limit, Position Accountability and Reportable Level Table.  

FINDINGS:

During the month of August 2019, Goldman, Sachs & Co. did not provide large trader position adjustments within the prescribed deadline, in violation of CME Rule 561.

PENALTY:

On September 13, 2019, pursuant to Rule 512, a fine in the amount of $1,500 was assessed against Goldman, Sachs & Co. for its violation of CME Rule 561.

EFFECTIVE DATE:  October 4, 2019