Shanghai Futures Exchange warns of zero tolerance for trading abuse
Beijing
THE Shanghai Futures Exchange has vowed it won't tolerate any abuse of trading rules after the unprecedented boom-bust episode earlier this year, adding that its products aren't for mom and pop investors.
"Futures isn't a mass market but a professional one," the exchange said. There'll be "zero tolerance" of any activity that violates regulations, according to a statement, which said more than 900 cases of what it called abnormal activity were settled in the first five months.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama