CFFEX Circular [2020] 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 October 2020.

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

CFFEX handled 2 cases of trading limits violations, and took measures against 2 groups of Actual Control Accounts with 4 clients involved by suspending their opening of new positions. 

CFFEX handled 7 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 7 clients involved by requesting rectification within a prescribed time period, requesting reporting, giving a verbal reminder and suspending the opening of new positions, among others. 

China Financial Futures Exchange

November 9, 2020