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To further the implementation of the requirement of “law-based, strict and comprehensive” regulation, earnestly fulfill its frontline regulation responsibility, regulate futures transactions, maintain the good market order and guarantee the legitimate rights and interests of futures market participants, Dalian Commodity Exchange (DCE) has continued to strictly crack down on behaviors violating laws and rules since the beginning of this year.
In the 3rd quarter of 2018, DCE cracked down on 112 cases of abnormal transactions, of which 57 were self-transactions exceeding position limits, 50 were frequently placing and cancelling orders and 5 were violating position limit for related accounts under common control, 8 cases of violating position limit for hedging during trading session, banning 8 clients from opening positions temporarily. It has handled 51 violation clues, including 14 cases of transferring funds through matched orders, 27 cases of self-transaction or agreed transactions affecting the prices of contracts and 10 cases of violating trading limits. In addition, it included a total of 238 accounts in 77 groups of common control in the list of key monitoring, issued 79 “Inquiry Letter of Market Inspection”, identified and urged 338 accounts in 133 groups to declare the relationship of common control.
A DCE staff said that it would continue to practice its mission of “serving the real economy and market participants”, adhere to the “zero tolerance” policy towards any violation behaviors ，improve the regulation systems and methods to protect the legitimate rights and interests of futures market participants.
