Dalian Commodity Exchange: Client Banned From Taking Positions For 1 Month

Recently, Dalian Commodity Exchange (DCE) imposed the regulatory measure on a client violating the rule by frequently placing and cancelling order. According to the sources, in recent days, the client surnamed Zhang violated the rule by frequently placing and cancelling the orders on relevant contracts of the RBD Palm Olein futures and reached the criteria of DCE for issuing punishments. According to the provisions of the “Regulatory Criteria and Processing Procedures in the ‘Measures of Dalian Commodity Exchange for Management of Unusual Transactions (for Trial Implementation)’”, it is decided to impose the regulatory measure of banning the above-mentioned client from taking positions on the corresponding contracts for one month. Previously DCE had imposed the regulatory measures on 4 clients violating the rules for frequently placing and cancelling orders or the number of self-transactions.