NOTICE OF DISCIPLINARY ACTION

FILE NO.:

NYMEX 12-8815-BC

MEMBER:

GATOR TRADING PARTNERS LLC

NYMEX 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 Gator Trading Partners LLC (“Gator”) presented at a hearing on April 23, 2013, in which Gator neither admitted nor denied the rule violation upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee (“BCC”) found that it had jurisdiction over Gator pursuant to NYMEX Rules 400 and 402 as the conduct occurred while Gator was a NYMEX member and that on trade date March 16, 2012, Gator maintained open APR12 Crude futures equivalent commitments of 3,438 long contracts, which was 438 contracts (14.6%) over the standard 3,000 lot expiration month position limit in effect for trade dates March 16, 19, and 20, 2012. Gator subsequently liquidated its overage position resulting in profits of $7,823.73.

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

PENALTY:

In accordance with the settlement offer, the Panel ordered Gator to pay a fine to the Exchange in the amount of $17,500 and to disgorge profits in the amount of $7,823.73.

EFFECTIVE DATE:

April 25, 2013