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

To prevent market risks, maintain orderly market operations and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in May 2023.

CFFEX handled 5 cases of self-trade, 13 cases of frequent placement and cancellation of orders, and 1 case of placement and cancellation of large orders, involving 21 clients in total. 16 clients were suspended the opening of new positions, and 4 members received reminders via telephone.

CFFEX handled 3 cases of trading limits violations, and took measures against 9 clients involved by suspending their opening of new positions. 

CFFEX handled 7 cases of clients’ hedging positions exceeding their corresponding matching ratio requirements, and took measures against the 7 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.