CFFEX Circular [2023] No.14

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 November 2023.

CFFEX handled 4 cases of self-trade, and 2 cases of frequent placement and cancellation of orders, involving 6 clients in total. 2 clients were suspended the opening of new positions, and 4 members received reminders via telephone.

CFFEX handled 1 case of trading limits breaches, and took measures against 2 clients involved by suspending their opening of new positions. 

CFFEX handled 13 cases of clients’ hedging positions exceeding their corresponding matching requirements, and took measures against the 13 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.