NYMEX Settles CFTC Charges For Confidential Information Disclosure

The New York Mercantile Exchange ("NYMEX"), a subsidiary of CME, settled CFTC charges for improper disclosures of customers' trading activity by two former NYMEX employees.

According to the Consent Order filed in the United States District Court for the Southern District of New York, between 2008 and 2010, the two NYMEX employees disclosed to a commodities broker, confidential information about derivatives trading activity that they obtained during the course of their employment. The employees disclosed the following types of information as to commodity futures in crude oil and natural gas:

• the identification of counterparties to option trades;
• the volume of contracts that were traded;