Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in January 2021 are listed as follows:
　　In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with a total of 108 cases, among which 38 cases were selftrades,65 cases were frequent order cancellations,4 case was exceeding the limit of placing and cancellation of large-amount orders，1 case for the combined size of positions within a group of accounts with actual control relationship exceeding the position limit prescribed by the Exchange.The Exchange has separately notified the relevant clients by phone through members，placed 8 clients and 1 group of accounts with actual control relationship on the Exchange’s watchlist,notified 10 abnormal trading behaviors to all the members. The Exchange has suspended 1 client from opening new positions on the relevant futures contracts and notified to the market.
　　In the aspect of identification and cooperative investigation of accounts with actual control relationship, The Exchange has identified 120 groups of 301 clients that exist the actual control relationship and urged 1 group of 2 clients to cooperate with the investigation of the actual control relationship.
　　In the aspect of inspecting cases violating trading rules，the Exchange has dealt with 10 cases suspected of violation trading rules,of which 6 cases for existing actual control relationship but have not reported,1 case was suspected of accommodation trades,2 cases were wrong orders,1 case was position liquidation exceeding the time.
　　The Exchange reminds the investors to be in compliance with its rules in the trading activities and report accounts with actual control relationship.

 

Shanghai Futures Exchange
Feburary 9, 2021