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 2019 is listed as follows:

In the aspect of administration of abnormal trading behaviors, INE has dealt with a total of 6 cases of abnormal trading behaviors, among which 2 cases were self-trades and 4 cases were frequent order cancellations. INE has separately notified the relevant clients of the above mentioned abnormal trading behaviors by phone through the members and placed one client on INE’s watch list, notified one abnormal trading behavior to all the members.                    

In the aspect of identification and cooperative investigation of accounts with actual control relationship, INE has identified 23 groups of 53 clients that exist the actual control relationship.

In the aspect of inspecting cases violating trading rules，there was no violation case in December. But INE also found some price fluctuation mainly caused by wrong orders, program errors of trading software and market price orders. INE has reminded investors to be in compliance with its rules in the trading activities.

INE hereby notifies as the above.  

Shanghai International Energy Exchange

              Jan 9.  2020