CFFEX Circular [2024] No.7

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 June 2024.

CFFEX handled 5 cases of frequent placement and cancellation of orders, and 1 case of placement and cancellation of large orders, involving 7 clients in total. 3 clients were suspended the opening of new positions, and 4 members received reminders via telephone.

CFFEX handled 15 cases of trading limits breaches, and took measures against the 44 clients involved by suspending their opening of new positions. 

CFFEX handled 4 cases of clients’ hedging positions exceeding their corresponding matching requirements, and took measures against the 3 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.