CFFEX Circular [2024] No.2

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 January 2024.

CFFEX handled 2 cases of self-trade, and 20 cases of frequent placement and cancellation of orders, involving 23 clients in total. 1 member received reminders via telephone, and 22 clients were suspended the opening of new positions.

CFFEX handled 20 cases of trading limits breaches, and took measures against 101 clients involved by suspending their opening of new positions. 

CFFEX handled 43 cases of clients’ hedging positions exceeding their corresponding matching requirements, and took measures against the 43 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others. 

CFFEX took self-regulatory measures against 2 groups of accounts involving 15 clients who failed to truthfully report actual control relationship by suspending their opening of new positions in equity index futures for 1 month.