CME Issues Block Trades-Related Disciplinary Action

A panel of the New York Mercantile Exchange ("NYMEX") Business Conduct Committee, which is part of the CME Group, issued a disciplinary action against Goldman Sachs Co. for executing block trades in futures contracts that were not reported to the Exchange within the applicable time limit following their execution.

NYMEX also found that Goldman reported inaccurate execution times for these block trades. In connection with a settlement of the matter, the panel ordered Goldman to pay a $40,000 fine.

See: NYMEX 10-04626-BC.