Dalian Commodity Exchange : 2018-01-17DCE Officially Investigated 16 Violations in 2017

　　In the fourth quarter of 2017, Dalian Commodity Exchange (DCE) continued to crack down on all kinds of violations, including 92 cases of unusual transactions, of which 41 were self-trade, 47 were frequently placing and cancelling orders and 4 were violating position limit by related accounts under common control, and 15 cases of violating position limit for hedging during trading session, banning 17 clients from opening positions temporarily, and disqualifying 1 client for hedging exemption. A total of 36 violation clues were treated, including 14 cases of transferring funds through matched orders, and 22 cases of self-trade or wash trade affecting the prices of the inactive contracts, with 1 case reported to the China Securities Regulatory Commission (CSRC) for investigation. In addition, DCE intensified the inspection of the related accounts under common control by including 381 accounts in 144 groups in the list of special monitoring, issuing 176 inquiry letters of market inspection, and identifying and urging 280 clients in 108 groups to declare the relationship of common control.

　　During 2017, DCE dealt with a total of 396 cases of unusual transactions, 65 cases of violating position limits during the trading session, and 56 cases of violating trading limits, cancelling 2 clients' hedging quotas, disqualified 1 client for hedging, and temporarily banned 148 clients from opening positions. A total of 159 violation clues were treated, with 16 cases officially investigated at DCE and 2 cases reported to the CSRC for investigation. DCE included a total of 1,641 accounts in 519 groups in the list of special monitoring, issued 486 inquiry letters of market inspection, identified and urged 868 clients in 317 groups to declare the relationship of common control, and temporarily banned 1 client failing to declare the relationship of common control from related businesses. So far, a total of 6,454 clients in 2,353 groups have reported the accounts under common control to DCE.

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