NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-22-6475

MEMBER FIRM:

ICAP Energy Limited  

NYMEX RULE VIOLATION:

526.F. BLOCK TRADES

Unless otherwise agreed to by the principal counterparties to the block trade, the seller, or, in the case of a brokered transaction, the broker handling the block trade, must ensure that each block trade is reported to the Exchange within the time period and in the manner specified by the Exchange. The report must include the contract, contract month, price, quantity of the transaction, the respective clearing members, the time of execution, and, for options, strike price, put or call and expiration month. The Exchange shall promptly publish such information separately from the reports of transactions in the regular market.

MRAN RA-2109-5 (in part)

Market participants must accurately report the execution time of the block trade.

FINDINGS:

On 6 occasions in January 2022, ICAP Energy Limited did not report block trades in a timely manner or with an accurate execution time to the Exchange. These block trades were executed in January 12, 2022, NY Harbor ULSD BALMO Futures, February 2022 and March 2022 European Low Sulphur Gasoil Brent Crack Spread Futures, and March 2022 through December 2022 Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures.

PENALTY:

On March 25, 2022, pursuant to Rule 512, a fine in the amount of $2,000 was assessed against ICAP Energy Limited for its violations of NYMEX Rule 526 and NYMEX Rule 526.F.

EFFECTIVE DATE:

April 13, 2022