Xinmin Evening News: SHFE Will Do Whatever’s Necessary to Fight against Violations and Irregularities

Updated on: November 13, 2017

Reported by Xu Chaosheng

Our Journalist learned from the SHFE that there were totally 6 abnormal transaction behaviors under the Exchange’s investigation for causing abnormal price fluctuations in October. Among which, 2 cases suspected of being in violation of trading rules were under formal investigation.

In accordance with the SHFE, in October, there were totally 62 abnormal transaction behaviors which triggered the disciplinary action by the Exchange against them, including 22 cases for exceeding the limit of self-matching deals, 39 cases for exceeding the limit of frequent placing and cancellation of orders, and 1 case for exceeding the limit of placing and cancellation of large-amount orders. As for 6 clients falling into the scope of abnormal transaction as defined in the Exchange’s relevant rules, they were imposed public criticism and restrictions on opening new positions. Among them, 2 cases suspected of being in violation of trading rules were under formal investigation. According to relevant head of SHFE, the Exchange will continue its efforts in investigation and punishment against rule-violations according to relevant laws and regulations, in a bid to practically intensify risk prevention and frontline regulation, normalize futures trading behaviors and to guarantee the legitimate interests of participants in the futures market.