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Shanghai International Energy Exchange (hereinafter referred to as “INE”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, 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 in June 2019 is listed as follows:

In the aspect of administration of abnormal trading behaviors,INE has dealt with a total of 28 cases of abnormal trading behaviors, among which 10 cases were self-trades that exceed the limits and 18 cases were frequent order cancellations that exceed the limits.INE has separately notified 29 relevant members of the above mentioned abnormal trading behaviors by phone and placed four clients on INE’s watch list, notified five abnormal trading behavior to all the members. There was one client that reached the threshold set by INE on abnormal trading. Accordingly, INE has notified to the whole market and suspended the clients from opening new positions on crude oil futures contracts.                     

In the aspect of identification and coordination of accounts with actual control relationship, INE has identified 18 groups of  51 clients that have reported the actual control relationship.

In the aspect of examining two cases suspected of violating trading rules,filed and investigated one of the cases suspected of violating trading rules.INE has talked with three clients in June.

INE hereby notifies as the above.

 

 Shanghai International Energy Exchange

                          July 8 , 2019

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