China Economic Net：275 Cases of Abnormal Trading Behaviours Having Been Dealt with by SHFE in March

Date: April 11, 2017

Contributed by He Chuang, Reporter from China Economic Net

On April 11, our reporter learned from Shanghai Futures Exchange (hereinafter referred to as “the Exchange”) that in March the Exchange has investigated totally 6 cases of trading behaviors that have caused abnormal price fluctuation, and but no trading behaviour in violation of rules has been found yet. 

Furthermore, in March, 275 cases of abnormal trading have been dealt with by the Exchange, including 103 cases for exceeding the limits of self-matching trading, 168 cases for exceeding the limits of frequent order placement and cancellation, and 4 cases for exceeding the limits of large-sized order placement and cancellation.. The Exchange has published to the market about 2 clients who have reached standards of abnormal trading set by the Exchange, and restricted them from position opening. In the same period, the Exchange has also dealt with 4 cases for exceeding the limits of actual control account trading, and published to the market about 8 clients invloved in such cases, and restricted them from position opening

According to relevant head from SHFE, the Exchange will continue its efforts in investigation an punishment against rule-violations according to relevant laws and regulations, in a bid to practically intensify risk prevention and first-line regulation, normalize futures trading behaviors and to guarantee the legitimate interests of participants in the futures market.