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Notice on Investigation and Penalties against Law and Rule Violations during April 2018


FILING SERIAL: [2018] No.12

      Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been investigating and punishing against violations as per relevant laws and rules, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations during April 2018 is listed as follows:

       The Exchange traced and investigated six cases of trading behaviors that led to abnormal price fluctuations, and filed and investigated one of the cases suspected of violating trading rules.

      The Exchange has dealt with 80 cases of abnormal trading behaviors, among which there were 22 cases of self trade, 54 cases of frequent order cancellation, two cases of large amount order cancellation and two cases of exceeding limits for position holding by accounts with actual control relationship. The Exchange also notified to the whole market about one client that has reached the threshold of violation set by the Exchange, and suspended the client from opening new positions.

      The Exchange hereby notifies the above.


Shanghai Futures Exchange

May 8, 2018