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 September 2021.
CFFEX handled 6 cases of abnormal trading activities with 40 clients involved, including 2 cases of self-trade, 2 cases of frequent placement and cancellation of orders, 1 case of aggregate position held through actual control accounts exceeding applicable position limit, and 1 case of intraday excessive trading. 31 clients were suspended the opening of new positions, and 7 members received reminders via telephone.
CFFEX handled 6 cases of trading limits violations, and took measures against 6 groups of Actual Control Accounts with 27 clients involved by suspending their opening of new positions.
CFFEX handled 4 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 4 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others.
CFFEX handled 1 case of pre-arranged trade in obtaining improper profits, and took self-regulatory measures against the 2 clients by reprimanding and suspending their opening of new positions in CSI 300 index options for 3 months. The violation by these 2 clients was also recorded into China’s capital market integrity database.
