Ce.cn: Shanghai Futures Exchange Imposed Punishment for 71 Abnormal Transaction Behaviors in July

Updated on: August 8, 2017

Reported by He Chuan, Journalist form Ce.cn

As disclosed by Shanghai Futures Exchange (SHFE) on August 8, SHFE checked a total of six transaction behaviors causing abnormal price fluctuations, and no violative transaction behaviors were detected.

In addition, SHFE imposed punishment for a total of 71 abnormal transaction behaviors in July. Among all the abnormal transaction behaviors, there were 20 self-trading over-limit transactions, 47 over-limit transactions of frequently placing and canceling orders, 2 over-limit transactions of bulk placing and canceling orders and 2 over-limit transactions of actual control relationship account combination and position trading. Four customers, which reach the abnormal transaction handling criteria of SHFE, were imposed with the regulatory measures of whole-market circular and restriction on opening transaction.

As promised by the relevant heads of SHFE, SHFE will continue to investigate the illegal behaviors according to relevant laws and regulations, intensify market risk prevention, reinforce forefront supervision, normalize the futures trading behaviors and safeguard the legal rights and interests of futures market participants.