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 April 2019 is listed as follows:

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

In the aspect of identification and coordination of accounts with actual control relationship, INE has identified 13 groups of 27 clients that have reported the actual control relationship.

In the aspect of examining two cases suspected of violating trading rules.Found no violation.

INE hereby notifies as the above.

Shanghai International Energy Exchange

                          May 13 , 2019