CFFEX Circular [2023] No.9

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 July 2023.

CFFEX handled 1 case of self-trade, and 2 cases of frequent placement and cancellation of orders, involving 6 clients in total. 5 clients were suspended the opening of new positions, and 1 member received reminders via telephone.

CFFEX handled 3 cases of trading limits breaches, and took measures against 10 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 requiring the attendance at a cautionary interview, suspending the opening of new positions, requesting rectification within a prescribed time period, and requesting reporting, among others. 

CFFEX handled 1 case of violation related to the trading of China government bond (CGB) futures, and took self-regulatory measures against 2 clients involved by suspending their opening of new positions in CGB futures contracts for 6 months. The violation was also recorded in the Capital Market Integrity Database.