To prevent market risks, maintain 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 May 2025.
CFFEX handled 2 cases of self-trade, and 7 cases of frequent placement and cancellation of orders, involving 11 clients in total. 2 clients’ members received reminders via telephone, and 9 clients were suspended the opening of new positions.
CFFEX handled 15 cases of trading limits breaches, and took measures against the 51 clients involved by suspending their opening of new positions.
CFFEX handled 5 cases of clients’ hedging positions exceeding their corresponding matching requirements, and took measures against the 5 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others.
CFFEX took self-regulatory measures against 3 clients who failed to abide by their hedging plan, and opened and then closed its positions with excessive frequency during trading by cancelling its hedging quota.
CFFEX took self-regulatory measures against 2 clients who failed to truthfully report actual control relationship and committed self-trade in violation of measures on the management of abnormal trading by suspending their opening of new positions.