CFFEX Circular [2020] No.1
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 2020.
CFFEX handled 9 cases of abnormal trading activities with 14 clients involved, including 2 cases of self-trade, 7 cases of frequent placement and cancellation of orders. 14 clients were suspended the opening of new positions, and 5 members received reminders via telephone.
CFFEX handled 2 cases 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 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 8, 2020