To prevent market risks, maintain 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 December 2024.
CFFEX handled 2 cases of self-trade, 7 cases of frequent placement and cancellation of orders, and 2 cases of aggregate position held through actual control accounts exceeding applicable position limit, involving 21 clients in total. 13 clients were suspended the opening of new positions, and 5 members received reminders via telephone.
CFFEX handled 23 cases of trading limits breaches, and took measures against the 95 clients involved by suspending their opening of new positions.
CFFEX handled 5 cases of clients’ hedging positions exceeding their corresponding matching requirements, and took measures against the 5 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.
CFFEX took self-regulatory measures against 2 groups of accounts involving 6 clients who failed to truthfully report actual control relationship by suspending their opening of new positions in equity index futures for 2 months or in equity index options for 1 month.
