CFFEX Circular [2021] No.8

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 June 2021.

CFFEX handled 12 cases of abnormal trading activities with 12 clients involved, including 2 cases of self-trade, and 9 cases of frequent placement and cancellation of orders, and 1 case of placement and cancellation of large orders. 5 clients were suspended the opening of new positions, and 4 members received reminders via telephone.

CFFEX handled 1 case of trading limits violations, and took measures against 1 group of Actual Control Accounts with 4 clients involved by suspending their opening of new positions.

CFFEX handled 2 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 2 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others.

China Financial Futures Exchange    

July 7, 2021