Circular On Self-Regulatory Measures Taken By CFFEX In July 2023

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 July 2023.

CFFEX handled 1 case of self-trade, and 2 cases of frequent placement and cancellation of orders, involving 6 clients in total. 5 clients were suspended the opening of new positions, and 1 member received reminders via telephone.

CFFEX handled 3 cases of trading limits breaches, and took measures against 10 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 handled 1 case of violation related to the trading of China government bond (CGB) futures, and took self-regulatory measures against 2 clients involved by suspending their opening of new positions in CGB futures contracts for 6 months. The violation was also recorded in the Capital Market Integrity Database.