To prevent market risks, maintain the 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 September 2020.

CFFEX handled 13 cases of abnormal trading activities with 13 clients involved, including 2 cases of self-trade, 10 cases of frequent placement and cancellation of orders, and 1 case of placement and cancellation of large orders. 9 clients were suspended the opening of new positions, and 2 members received reminders via telephone.

CFFEX handled 5 cases of trading limits violations, and took measures against 5 groups of Actual Control Accounts with 45 clients involved by suspending their opening of new positions. 

CFFEX handled 7 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 6 clients involved by requesting rectification within a prescribed time period, requesting reporting, and suspending the opening of new positions, among others. 

CFFEX handled 1 case of pre-arranged trade in obtaining improper profits, and took self-regulatory measures against the 2 clients by reprimanding and suspending their opening of new positions in CSI 300 index options for 3 months. The violation by these 2 clients was also recorded into China’s capital market integrity database.