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Shanghai Futures Exchange: Notice On Matters Related To The Identification Of Abnormal Trading Behaviors Of Frequent Order Cancellation On Contracts Collecting Order Fees

Date 19/07/2024

According to the Article 9 of the Administration of Abnormal Trading Behaviors Rules of Shanghai Futures Exchange, SHFE decides that frequent order cancellation resulting from such transactions as fill-or-kill (FOK) orders and fill-and-kill (FAK) orders on contracts collecting order fees will be deemed as abnormal trading behaviors, starting from October 25, 2024 (i.e., during continuous trading on the evening of October 24). Frequent order cancellations resulting from other trading orders will not be deemed as abnormal trading behaviors.

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.