NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 08-05115-BC

NON-MEMBER:

NICOLAS LENOIR

CME RULE VIOLATION:

539. PREARRANGED, PRE-NEGOTIATED AND NON-COMPETITIVE TRADES PROHIBITED

A. No person shall prearrange or pre-negotiate any purchase or sale or non-competitively execute any transaction. . . .

FINDINGS:

Pursuant to an offer of settlement in which Nicolas Lenoir neither admitted nor denied any rule violations upon which the penalty is based, on November 1, 2011, a panel of the Chicago Mercantile Exchange (“CME”) Business Conduct Committee found that on December 31, 2008, Lenoir instructed a desk clerk to cross two 500-lot Eurodollar futures orders in the Eurodollar futures pit in a manner that resulted in the noncompetitive execution of the orders. The panel found that in doing so, Nicolas Lenoir violated CME Rule 539.A.

PENALTY:

In accordance with the offer of settlement, the Panel fined Nicolas Lenoir $15,000.
 

EFFECTIVE DATE:

November 3, 2011