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 October 2024 is listed as follows:
       In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with 50 cases, among which 21 cases were self-trades, 21 cases were frequent order cancellations, 2 cases were exceeding the intraday position opening volume prescribed by the Exchange, 6 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, notified 5 abnormal trading behaviors to all the members and suspended 2 groups of accounts that exist the actual control relationship from opening new positions on the relevant futures or 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 481 groups of 1088 clients that exist the actual control relationship to cooperate with the investigation of the actual control relationship and urged 95 groups of 233 clients to cooperate with the investigation of the actual control relationship. The Exchange has suspended some of these clients from opening new positions and restricted the fund withdrawal.
       In the aspect of inspecting cases violating trading rules, the Exchange has dealt with 12 cases, of which 4 cases were false order placement, 3 cases was price fluctuation caused by market price order, 1 case was suspected of accommodation trade, 1 case was price fluctuation caused by mutual trade, 1 case was price fluctuation caused by self trade, 2 cases were violating the position management rules of the Exchange. The Exchange has filed and investigated 1 case suspected of violating trading rules in October.
       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
November 5, 2024