On October 12, 2015, PJM published a report titled, Virtual Transactions in the PJM Energy Markets." In addition to background information and analysis, the paper contains initial recommendations for changes to the market rules that determine how virtual transactions can be submitted in PJM. The recommendations are targeted at maintaining the benefits provided by virtual transactions while eliminating bids that profit form the market without adding commensurate value. The purpose of this Problem Statement is to initiate stakeholder dialogue on PJMs recommendations in addition to other market rule changes members would like to discuss and analyze for virtual transactions.