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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 January 2022.
CFFEX handled 14 cases of abnormal trading activities with 28 clients involved, including 6 cases of self-trade, 4 cases of frequent placement and cancellation of orders, 1 case of placement and cancellation of large orders, and 3 cases of intraday excessive trading. 26 clients were suspended the opening of new positions, and 2 members received reminders via telephone.
CFFEX handled 6 cases of trading limits violations, and took measures against the 14 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, and requesting reporting, among others.
CFFEX handled 1 case of pre-arranged trade in obtaining improper profits, and took self-regulatory measures against the 4 clients by reprimanding and suspending their opening of new positions in CSI 300 index options for 3 months. The violation by these 4 clients was also recorded into China’s capital market integrity database.
