Thursday July 3 2025

News Source: Global Exchanges

Focus: Trading Rules

Type: General

Country: China

Link: https://tinyurl.com/v5u9a7mx




On 27th June 2025, the China Financial Futures Exchange (CFFEX) announced that in order to strengthen the supervision of programmed trading in the financial futures market, standardize programmed trading behaviours, and maintain futures trading order and market fairness, CFFEX has drafted the “China Financial Futures Exchange Programme Trading Management Measures” in accordance with the “Futures and Derivatives Law of the People’s Republic of China”, “Regulations on the Administration of Programmed Trading in Futures Markets” and other laws, regulations, normative documents and business rules such as the “Trading Rules of the China Financial Futures Exchange”.

These Measures shall apply to those who engage in program trading related activities in the Exchange. High-frequency trading as referred to in these Measures refers to program trading with one or more of the following characteristics:

  • The number and frequency of orders and order cancellations in a short period of time are high;
  • The number of orders and order cancellations within a day is high;
  • Other characteristics recognized by the China Securities Regulatory Commission.

Click on the above link for further information