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 March 2024 is listed as follows:
       In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with 16 cases, among which 13 cases were self-trades, 3 cases were exceeding the limit of placing and cancellation of large-amount order. The Exchange has separately notified the relevant clients by phone through the members, placed 1 client on the Exchange’s watchlist, notified 4 abnormal trading behaviors to all the members. The Exchange has suspended 3 groups of clients that exist the actual control relationship 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 251 groups of 624 clients that exist the actual control relationship to cooperate with the investigation of the actual control relationship and urged 15 groups of 52 clients to cooperate with the investigation of the actual control relationship in March.
       In the aspect of inspecting cases violating trading rules, the Exchange has dealt with 5 cases suspected of violation trading rules, of which 2 cases were wrong orders, 1 case was price fluctuation caused by market price order, 1 case was suspected of accommodation trade, 1 case was price fluctuation caused by self trade. The Exchange has not filed and investigated any case suspected of violating trading rules in March.
       The Exchange reminds traders to be in compliance with its rules in the trading activities and report accounts with actual control relationship.

Shanghai Futures Exchange
April 8, 2024