On October 12, the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, and Guangzhou Futures Exchange issued a notice simultaneously to solicit public comments on revising the exchange's illegal handling measures. The deadline for feedback is October 19. The core of this revision is to implement the “Futures and Derivatives Law” and the “Regulations on the Administration of Programmatic Transactions in the Futures Market” and incorporate procedural transaction supervision requirements into the exchange's rules for handling irregularities. Industry insiders pointed out that the four futures exchanges simultaneously solicited comments, sending a clear signal: programmatic trading is a key scenario for first-line supervision of the futures market. After the rules are perfected, acts such as abnormal transactions, high-frequency arbitrage, and cross-reported withdrawals will face more uniform certification standards and tougher self-discipline penalties. Programmatic futures trading supervision has completed the “definition—report—access—monitoring” stage and is entering the “violation—identification—disposition” enforceable stage.
Zhitongcaijing · 1d ago
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On October 12, the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, and Guangzhou Futures Exchange issued a notice simultaneously to solicit public comments on revising the exchange's illegal handling measures. The deadline for feedback is October 19. The core of this revision is to implement the “Futures and Derivatives Law” and the “Regulations on the Administration of Programmatic Transactions in the Futures Market” and incorporate procedural transaction supervision requirements into the exchange's rules for handling irregularities. Industry insiders pointed out that the four futures exchanges simultaneously solicited comments, sending a clear signal: programmatic trading is a key scenario for first-line supervision of the futures market. After the rules are perfected, acts such as abnormal transactions, high-frequency arbitrage, and cross-reported withdrawals will face more uniform certification standards and tougher self-discipline penalties. Programmatic futures trading supervision has completed the “definition—report—access—monitoring” stage and is entering the “violation—identification—disposition” enforceable stage.
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