CFFEX Circular [2021] No.7

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 May 2021.

CFFEX handled 16 cases of abnormal trading activities with 29 clients involved, including 9 cases of self-trade, 3 cases of frequent placement and cancellation of orders, and 4 cases of intraday excessive trading. 26 clients were suspended the opening of new positions, and 3 members received reminders via telephone.

CFFEX handled 3 cases of trading limits violations, and took measures against 3 groups of Actual Control Accounts with 7 clients involved by suspending their opening of new positions.

CFFEX handled 9 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 9 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    

June 7, 2021