NYMEX Issues Disciplinary Action against Firm for Reporting and Recordkeeping Violations
The New York Mercantile Exchange ("NYMEX") announced a disciplinary action against EOX Holdings LLC ("EOX") involving violations of Exchange Rules 536.H ("Retention of Records") and 538.G ("Identification and Submission to the Clearing House").
NYMEX found that EOX executed eight exchange for related positions ("EFRP") transactions for customers and mistakenly reported the transactions as block trades. According to NYMEX, EOX also failed to maintain accurate written and electronic records of the EFRP transactions.
In accordance with the settlement, NYMEX ordered EOX to pay a $40,000 fine.