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 May 2020 are listed as follows:
In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with a total of 95 cases, among which 20 cases were self-trades, 74 cases were frequent order cancellations, and 1 case was exceeding the limit of placing and cancellation of large-amount orders.The Exchange has separately notified the relevant clients by phone through members and placed 15 clients on the Exchange’s watch list, notified 21 abnormal trading behaviors to all the members. The Exchange has suspended 6 clients 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 72 groups of 168 clients that exist the actual control relationship and urged 5 groups of 20 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 4 cases suspected of violation trading rules, which 2 cases self-trade that affect the contract price，1 case was suspected of accommodation trade, 1 case was wrong order. The Exchange has filed and investigated one of the cases suspected of violating trading rules.The Exchange reminds the investors to be in compliance with its rules in the trading activities and cooperate with the reporting of actual control relationship accounts.

Shanghai Futures Exchange
June 10. 2020