CFFEX Circular [2020] No. 5

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 August 2020.

CFFEX handled 17 cases of abnormal trading activities with 17 clients involved, including 1 case of self-trade, 13 cases of frequent placement and cancellation of orders, 1 case of placement and cancellation of large orders, and 2 cases of intraday excessive trading. 9 clients were suspended the opening of new positions, and 7 members received reminders via telephone.

CFFEX handled 6 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 6 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others. 

China Financial Futures Exchange 

September 8, 2020