NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-20-5813

MEMBER FIRM:

TFS Energy Futures LLC

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-2002-5 (in part)

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

FINDINGS:

On 6 occasions in April 2020, TFS Energy Futures LLC 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 April 2020 Propane Non-LDH Mont Belvieu (OPIS) BALMO Futures, June 2020 Propane Non-LDH Mont Belvieu (OPIS) Futures, June 2020, October 2020 through December 2021 Mont Belvieu LDH Propane (OPIS) Futures, December 2020, January 2021 Conway Propane (OPIS) Futures, and May 2020 Mont Belvieu Ethane (OPIS) Futures.

PENALTY:

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

EFFECTIVE DATE:

July 10, 2020