NOTICE OF DISCIPLINARY ACTION

FILE NO.:

NYMEX 11-08307-BC

NON MEMBER:

Eckhardt Trading Company

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 Eckhardt Trading Company (“Eckhardt”) presented at a hearing on February 1, 2012, in which Eckhardt neither admitted nor denied the rule violation upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee (“BCC”) found that Eckhardt voluntarily submitted itself to the jurisdiction of the BCC for purposes of settling this matter and that on May 24, 2011, a date subject to a 1,000 contract expiration month position limit for the expiring June 2011 Henry Hub Natural Gas futures (“JUN11 NatGas”) contract, Eckhardt maintained a 1,347 JUN11 NatGas long position that exceeded the expiration month position limit by 347 contracts or 34.7% over the permitted level.

The Panel found that as a result Eckhardt violated Rule 562.

PENALTY:

In accordance with the settlement offer, the Panel ordered Eckhardt to pay a fine to the Exchange in the amount of $25,000.

EFFECTIVE DATE:

February 3, 2012