Circular On Self-Regulatory Measures Taken By CFFEX In April 2022

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 April 2022.

CFFEX handled 17 cases of abnormal trading activities with 49 clients involved, including 1 case of self-trade, 15 cases of frequent placement and cancellation of orders, and 1 case of intraday excessive trading. 48 clients were suspended the opening of new positions, and 1 member received reminders via telephone.

CFFEX handled 2 cases of trading limits violations, and took measures against with 6 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, requesting reporting, and suspending the opening of new positions, among others.