NOTICE OF SUMMARY ACTION

NON-MEMBER FIRM:

SWEET FUTURES 1, LLC

NYMEX RULE VIOLATION:

Rule 526. BLOCK TRADES (in part)

The Exchange shall designate the products in which block trades shall be permitted and determine the minimum quantity thresholds for such transactions. The following shall govern block trades:

F. 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.

FINDINGS:

On 10 occasions on March 22, 2022, Sweet Futures 1, LLC did not report block trades in a timely manner to the Exchange. These block trades were executed in April 2022 through March 2026 WTI Financial Futures, January 2023 through March 2026 Henry Hub Natural Gas Last Day Financial Futures. On April 20, 2022, pursuant to Rule 512, a fine in the amount of $1,500 was assessed against Sweet Futures 1, LLC for its violation of NYMEX Rule 526.F.

On November 14, 2022, the NYMEX Business Conduct Committee affirmed the issuance of the $1,500 fine.

PENALTY:

Pursuant to Rule 512, Sweet Futures 1, LLC was ordered to pay a $1,500 fine.