CFFEX Circular [2023] No.7

To prevent market risks, maintain orderly market operations 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 2023.

CFFEX handled 5 cases of self-trade, 13 cases of frequent placement and cancellation of orders, and 1 case of placement and cancellation of large orders, involving 21 clients in total. 16 clients were suspended the opening of new positions, and 4 members received reminders via telephone.

CFFEX handled 3 cases of trading limits violations, and took measures against 9 clients involved by suspending their opening of new positions. 

CFFEX handled 7 cases of clients’ hedging positions exceeding their corresponding matching ratio requirements, and took measures against the 7 clients involved by requiring the attendance at a cautionary interview, suspending the opening of new positions, requesting rectification within a prescribed time period, and requesting reporting, among others. 

China Financial Futures Exchange

June 7, 2023