CFFEX Circular [2023] No.5

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 April 2023.

CFFEX handled 4 cases of self-trade, 9 cases of frequent placement and cancellation of orders, and 1 case of aggregate position held through actual control accounts exceeding applicable position limit, involving 15 clients in total. 5 members received reminders via telephone, and 7 clients were suspended the opening of new positions.

CFFEX handled 5 cases of trading limits violations, and took measures against 14 clients involved by suspending their opening of new positions. 

CFFEX handled 2 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 2 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others. 

China Financial Futures Exchange

May 10, 2023