Circular On Self-Regulatory Measures Taken By CFFEX In October 2020

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 October 2020.

CFFEX handled 9 cases of abnormal trading activities with 9 clients involved, including 4 cases of self-trade, and 5 cases of frequent placement and cancellation of orders. 5 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 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, requesting reporting, giving a verbal reminder and suspending the opening of new positions, among others.