CFFEX Circular [2022] No.14
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 November 2022.
CFFEX handled 11 cases of abnormal trading activities with 11 clients involved, including 1 case of aggregate position held through actual control accounts exceeding applicable position limit, 2 cases of frequent placement and cancellation of orders, and 8 cases of self-trade. 5 clients were suspended the opening of new positions, and 6 members received reminders via telephone.
CFFEX handled 6 cases of trading limits violations, and took measures against with 23 clients involved by suspending their opening of new positions.
CFFEX handled 8 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 8 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others.
China Financial Futures Exchange
December 6, 2022