CFFEX Circular [2024] 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 August 2024.

CFFEX handled 6 cases of self-trade, and 5 cases of frequent placement and cancellation of orders, involving 9 clients in total. 4 clients were suspended the opening of new positions, and 4 members received reminders via telephone.

CFFEX handled 17 cases of trading limits breaches, and took measures against the 40 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.