Xinhua News Agency: SHFE Checked 73 Abnormal Transaction in June

Updated on: June 25, 2016

Reported by Chen Yunfu, Journalist from Xinhua News Agency 

According to SHFE’s release on June 25, the SHFE checked 73 abnormal transactions in June and conducted the public notice in the global market to seven clients about violating the trading processing standards and adopted the related supervision measures of warehouse limit.

Because the bulk commodity prices was at a rather low status after plunge, investors were attracted to the commodity market to look for hedging opportunity, the business volume was increased and the Exchange also enhanced the supervision on illegal behaviors. SHFE introduced that, there were 11 transaction behaviors causing price fluctuation which were checked in June, among which, one illegal transaction was registered for investigation.

It is known that, among all the abnormal transaction behaviors, there are 28 self-trading over-limit transactions, 39 over-limit transactions of frequently reporting and withdrawing, 5 over-limit transactions of bulk report and withdraw and 1 over-limit transaction of actual control relationship account combination and position trading.

The relevant principle of SHFE shows that, 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 guarantee the legal rights of futures market participants.