Shanghai Securities News: SHFE Handles 95 Irregular Practices in August

Updated on: September 8, 2016

Reported by: Song Weiping, Journalist from Shanghai Securities News

SHFE hereinafter released news on September 8 that it had identified 8 trading practices causing abnormal price fluctuations, of which 1 suspected as rogue-trading was investigated in August.
In addition, SHFE handled a total of 95 irregular practices in August, including 40 self-closing overruns, 49 frequent order cancellations, 5 enormous order cancellations and 1 actual control relationship account combination and position overrun. SHFE makes the market wide circular on the 7 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, strengthening fornt line supervision, regulate futures trading and guarantee legal rights of futures market participants.