NOTICE OF SUMMARY ACTION

FILE NO.:

RSRH-20-5743

MEMBER FIRM:

Citigroup Global Markets Inc. (Delta One)  

CME 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 four occasions in January 2020 Citigroup Global Markets Inc. (Delta One) did not report a block trade within the applicable reporting window to the Exchange. These block trades were executed in March 2020 E-mini® Russell 2000® Index Futures.

PENALTY:

On March 17, 2020, pursuant to Rule 512, a fine in the amount of $1,500 was assessed against Citigroup Global Markets Inc. (Delta One) for its violation of CME Rule 526 and CME Rule 526.F.

EFFECTIVE DATE:

April 3, 2020