NOTICE OF DISCIPLINARY ACTION

FILE NO.:

NYMEX 11-08297-BC

NON MEMBER:

Mathews Capital Partners PTY Limited

EXCHANGE RULE:

562. POSITION LIMIT VIOLATIONS
 

Any positions in excess of those permitted under the rules of the Exchange shall be deemed position limit violations.

FINDINGS:

Pursuant to an offer of settlement Mathews Capital Partners PTY Limited (“Mathews Capital”) presented at a hearing on February 1, 2012, in which Mathews Capital neither admitted nor denied the rule violation upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee (“BCC”) found that Mathews Capital voluntarily submitted itself to the jurisdiction of the BCC for purposes of settling this matter and that on May 18, 2011, Mathews Capital held a June 2011 Light Sweet Crude Oil futures (“JUN11 Crude”) position of 10,922 short contracts, which was 7,922 contracts (264.07%) over the expiration month position limit in effect for trades dates May 18, 19, and 20, 2011.

The Panel found that as a result, Mathews Capital violated Rule 562.

PENALTY:

In accordance with the settlement offer, the Panel ordered Mathews Capital to pay a fine to the Exchange in the amount of $60,000.

EFFECTIVE DATE:

February 3, 2012