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 April 2024 is listed as follows:

In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with 29 cases, among which 21 cases were self-trades, 5 cases were exceeding the limit of placing and cancellation of large-amount order, 3 cases were exceeding the intraday position opening volume prescribed by SHFE. The Exchange has separately notified the relevant clients by phone through the members, placed 2 clients on the Exchange’s watchlist, notified 5 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 315 groups of 732 clients that exist the actual control relationship to cooperate with the investigation of the actual control relationship and urged 2190 groups of 2252 clients to cooperate with the investigation of the actual control relationship in April.

In the aspect of inspecting cases violating trading rules, the Exchange has dealt with 9 cases suspected of violation trading rules, of which 1 case was wrong orders, 4 cases were suspected of accommodation trade, 3 cases were price fluctuation caused by market price order, 1 case was violating the position management rules of the Exchange. The Exchange has filed and investigated 1 case suspected of violating trading rules in April.

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
May 8, 2024