NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-20-6036

MEMBER FIRM:

Ginga Global Markets 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 10 occasions in November 2020, Ginga Global Markets Pte Ltd did not report a block trade in a timely manner to the Exchange. These block trades were executed in November 2020, December 2020, and January 2021, Argus Propane Far East Index Futures, and March 2021, and April 2021, NY Harbor ULSD Futures.

PENALTY:

On February 10, 2021, pursuant to Rule 512, a fine in the amount of $2,000 was assessed against Ginga Global Markets Pte Ltd for its violation of NYMEX Rule 526.

EFFECTIVE DATE:

February 26, 2021