China Securities Journal: SHFE Handles 58 Irregular Practices in September

Updated on: October 13, 2016

Reported by: Guan Ping, Journalist from China Securities Journal

Journalist of Securities Times learned from Shanghai Futures Exchange (SHFE) that it had identified 11 trading practices causing abnormal price fluctuations, of which 3 suspected as rogue-trading were investigated.
In addition, SHFE handled a total of 58 irregular practices in August, including 16 self-closing overruns, 33 frequent order cancellations and 9 enormous order cancellations. SHFE makes the market wide circular on the 3 clients meeting the criteria for abnormal trading handling and takes the regulatory measure of position opening restriction.
SHFE officials say that they will investigate and penalize all irregular activities in accordance with relevant regulations, substantially intensify risk prevent, strengthen front line supervision, regulate futures trading and guarantee legal rights of futures market participants.