NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CBOT 13-9265-BC

NON-MEMBER:

Dicken Commodities, Inc.

CBOT RULE VIOLATIONS:

Rule 562. (“POSITION LIMIT VIOLATIONS”) (in part)
Any positions in excess of those permitted under the rules of the Exchange shall be deemed position limit violations. Additionally, any person making a bid or offer that would, if accepted, cause such person to exceed the applicable position limits shall be in violation of this rule

13102.E. (“SOYBEAN MEAL FUTURES, POSITION LIMIT”) (in part)
In accordance with Rule 559., Position Limits and Exemptions, no person shall own or control positions in excess of:

2. 6,500 futures-equivalent contracts net long or net short in any single month other than the spot month or in all months combined.

FINDINGS:

Pursuant to an offer of settlement in which Dicken Commodities, Inc. (“Dicken”) neither admitted nor denied the rule violation upon which the penalty is based, and after consenting to the jurisdiction of the Exchange under Rule 418, on October 22, 2013, a Panel of the Chicago Board of Trade Business Conduct Committee (“Panel”) found that on January 28, 2013, Dicken carried a 6,528.93 futures equivalent net short position in the March 2013 Soybean Meal contract, which exceeded the single month speculative position limit by 28.93 contracts, or approximately 0.4%. The Panel concluded that Dicken thereby violated CBOT Rule 562.

PENALTY:

In accordance with the settlement offer the Panel ordered Dicken to pay a fine of $40,000.

EFFECTIVE DATE:

October 24, 2013