Securities Times: SHFE Investigates 3 Suspected Irregular Transactions in July

Updated on: August 17, 2016

Reported by Shen Ning, Journalist from Securities Times

Journalist of Securities Times learned from Shanghai Futures Exchange (SHFE hereinafter) that it had identified 6 trading practices causing abnormal price fluctuations, of which 3 suspected as rogue-trading were investigated. In addition, SHFE handled a total of 137 irregular practices in July, including 40 self-closing overruns, 87 frequent order cancellations, 8 enormous order cancellations and 2 actual control relationship account combination and position overruns. 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 front line supervision, regulate futures trading and guarantee legal rights of futures market participants.