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 May 2024.
CFFEX handled 3 cases of self-trade, 6 cases of frequent placement and cancellation of orders, 1 case of placement and cancellation of large orders, and 1 case of aggregate position held through actual control accounts exceeding applicable position limit, involving 12 clients in total. 5 members received reminders via telephone, and 6 clients were suspended the opening of new positions.
CFFEX handled 5 cases of trading limits breaches, and took measures against the 27 clients involved by suspending their opening of new positions.
CFFEX handled 7 cases of clients’ hedging positions exceeding their corresponding matching 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.
