Circular On Self-Regulatory Measures Taken By CFFEX In January 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 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.