NOTICE OF SUMMARY ACTION

FILE NO.:

RSRH-19-5701

MEMBER FIRM:

Spectron Energy Asia Pte Ltd

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.

FINDINGS:

On five occasions in December 2019, Spectron Energy Asia Pte Ltd did not report a block trade within the applicable reporting window to the Exchange. These block trades were executed in the December 13, 2019, Argus Propane Far East Index BALMO Futures, January 2020 Argus Propane Far East Index Futures, January 2020 Argus Propane (Saudi Aramco) Futures, and February 2020 Argus Propane (Saudi Aramco) Futures.

PENALTY:

On February 18, 2020, pursuant to Rule 512, a fine in the amount of $1,000 was assessed against Spectron Energy Asia Pte Ltd for its violation of NYMEX Rule 526 and NYMEX Rule 526.F.

EFFECTIVE DATE:

March 5, 2020