CFFEX Circular [2023] No.10

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 August 2023.

CFFEX handled 2 cases of self-trade, 15 cases of frequent placement and cancellation of orders, and 1 case of aggregate position held through actual control accounts exceeding applicable position limit, involving 24 clients in total. 19 clients were suspended the opening of new positions, and 6 members received reminders via telephone.

CFFEX handled 13 cases of trading limits breaches, and took measures against with 35 clients involved by suspending their opening of new positions. 

CFFEX handled 7 cases of clients’ hedging positions exceeding their corresponding matching requirements, and took measures against the 7 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.