CCTV News: In order to implement the requirements of the "Futures and Derivatives Law" and "Opinions on Strengthening Supervision, Preventing Risks and Promoting High-Quality Development of the Futures Market" (Guobanfa [2024] No. 47), strengthen the supervision of programmatic trading in the futures market, standardize programmatic trading behavior, and maintain futures trading order and market fairness, the China Securities Regulatory Commission has drafted the "Regulations on Programmatic Trading in the Futures Market (Trial) (Draft for Soliciting Opinions)" (hereinafter referred to as the "Management Regulations"), and is now soliciting public opinions.
The "Management Regulations" focus on the main line of strengthening supervision, preventing risks, and promoting high-quality development, and strengthen the supervision of the entire process of programmatic trading in the futures market. First, clarify the definition and overall requirements of programmatic transactions. The second is to clarify the requirements for programmatic transaction reporting. The third is to strengthen system access management. Fourth, strengthen hosting and seat management. Fifth, clarify transaction monitoring and risk management requirements. Sixth, clarify supervision and management arrangements. 7. Clarify the application arrangements for relevant entities.
We welcome valuable opinions from all walks of life. The CSRC will further revise and improve the "Management Regulations" based on the public solicitation of opinions, and publish and implement them after performing relevant procedures.
News link:
Notice of the China Securities Regulatory Commission on public soliciting opinions on the "Regulations on Programmatic Trading Management of Futures Market (Trial) (Draft for Comments)"
