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 November 2021.
CFFEX handled 8 cases of abnormal trading activities with 24 clients involved, including 2 cases of self-trade, 5 cases of frequent placement and cancellation of orders, and 1 case of intraday excessive trading. 11 clients were suspended the opening of new positions, and 4 members received reminders via telephone.
CFFEX handled 2 cases of trading limits violations, and took measures against 2 groups of Actual Control Accounts with 4 clients involved by suspending their opening of new positions.
CFFEX handled 8 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 8 clients involved by requesting rectification within a prescribed time period, requesting reporting, requiring the attendance at a cautionary interview, and suspending the opening of new positions, among others.
