NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-20-5813

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 7 occasions in April 2020, Spectron Energy Asia Pte. Ltd. did not report a block trade in a timely manner to the Exchange. These block trades were executed in May 2020, June 2020, July 2020 Argus Propane (Saudi Aramco) Futures and May 2020 Propane Far East Index Futures.

PENALTY:

On June 23, 2020, pursuant to Rule 512, a fine in the amount of $2,000 was assessed against Spectron Energy Asia Pte. Ltd. for its violation of NYMEX Rule 526, and NYMEX Rule 526.F.

EFFECTIVE DATE:

July 10, 2020