regulations-买球app排行网站

updated on:dec 11,2013

q1: are the regulatory measures that the clients or members are faced with in the continuous trading period different from those in non-continuous trading periods?

a1: in the continuous trading period, the exchange carries out relevant regulations as usual. guidelines for risk control of shanghai futures exchange and guidelines for punishment for regulations noncompliance of shanghai futures exchange continue to be applicable, and the regulatory measures that the members or clients are faced with remain the same. the members should designate their regulatory contact and make sure of his contact information. the contact should be authorized to halt or limit the trading or the withdrawal of capital by the clients and guarantee the normal implementation of risk control measures.

q2: if the members or clients touch the position limit on a certain trading day, can they close out the position on their own initiative in the continuous trading period of the next trading day?

a2: after the closing of each trading day, the exchange will take risk control measures on the members or clients according to the existing position limit rules. if the members or clients exceed the position limit on a certain trading day, they should close out the position on their own initiative in the first session of the next trading day. for the products that are open to continuous trading, the first session starts from the continuous trading on the previous work day to the end of the first session of the daytime trading on the same day.

q3: if the members or clients meet the standard of large position reporting, can the report be filed in the continuous trading period of the next trading day?

a3: yes. after the closing of each trading day, the exchange will take risk control measures on the members or clients according to the large position reporting mechanism. if the members or clients reach the standard of large position reporting on a certain trading day, they should file a report to the exchange after the closing of the same trading day (after 15:00), and not later than 15:00 of the next trading day.

q4: in the continuous trading period, should the members or clients observe the regulatory rules about wash trading, frequent placing and cancelling of orders etc. stipulated in the revised interim provisions of shanghai futures exchange for monitoring abnormal trading?

a4: yes. as the continuous trading period is viewed as a normal trading period of the trading day, the now implemented interim provisions of shanghai futures exchange for monitoring abnormal trading and the matching handling standards and procedures are applicable, and the intraday monitoring and regulations are carried out as usual. after the closing of each trading day, the exchange will take corresponding regulatory measures on the members or clients who have reached the handling standard of wash trading, frequent placing and cancelling of orders or other unusual transaction behaviors.

q5: if there emerges in the market some major risk event in the continuous trading period, how do the members and clients contact the exchange in time?

a5: in the continuous trading period, relevant risk control operations are carried out as usual by the exchange. once there emerges some major risk event in the market, the members can contact the exchange in time by phone. the contact numbers of continuous trading operation and maintenance are 021-68400313 and 021-68400587.