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Supervision

 

 

 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 December 2020 are listed as follows:
  In the aspect of administration of abnormal trading behaviors, INE has dealt with a total of 17 cases, which 3 cases were selftrades12 cases were frequent order cancellations2 cases were exceeding the limit of placing and cancellation of large-amount orders.INE has separately notified the relevant clients by phone through the members and placed 4 clients on the Exchange’s watchlistnotified 4 abnormal trading behaviors to all the members.
  In the aspect of identification and cooperative investigation of accounts with actual control relationship, INE has identified 27 groups of 53 clients that exist the actual control relationship.
  In the aspect of inspecting cases violating trading rulesINE has dealt with 4 cases suspected of violation trading rulesof which 1 case for existing actual control relationship but has not reported2 cases were price fluctuation caused by program errors1 case was wrong order.
  INE reminds investors to be in compliance with its rules in the trading activities and and report accounts with actual control relationship.
  INE hereby notifies as the above.
Shanghai International Energy Exchange
January 12
2021
 

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