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 February 2021.
CFFEX handled 22 cases of abnormal trading activities with 24 clients involved, including 6 cases of self-trade, 14 cases of frequent placement and cancellation of orders, 1 case of placement and cancellation of large orders, and 1 case of intraday excessive trading. 18 clients were suspended the opening of new positions, and 5 members received reminders via telephone.
CFFEX handled 3 cases of trading limits violations, and took measures against 3 groups of Actual Control Accounts with 12 clients involved by suspending their opening of new positions.
CFFEX handled 3 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 3 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others.
