CFFEX Circular [2021] No.6

To prevent market risks, maintain the orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in April 2021.

CFFEX handled 11 cases of abnormal trading activities with 11 clients involved, including 4 cases of self-trade, and 7 cases of frequent placement and cancellation of orders. 4 clients were suspended the opening of new positions, and 6 members received reminders via telephone.

CFFEX handled 1 case of trading limits violations, and took measures against 1 group of Actual Control Accounts with 2 clients involved by suspending their opening of new positions.

CFFEX handled 5 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 5 clients involved by requesting rectification within a prescribed time period, requesting reporting, requiring the attendance at a cautionary interview, and suspending the opening of new positions, among others.

China Financial Futures Exchange    

May 13, 2021