【中英文对照版】大连商品交易所异常交易行为管理办法(2024).docx

大连商品交易所异常交易行为管理办法的公告(2024)MeasuresforAdministrationofAbnorma1.TradingBehaviorsofDa1.ianCommodityExchange.docx(2024)制定机关：大连商品交易所发文字：大连商品交易所公告(2024)57号公布日期：2024.07.19施行日期:2024.10.25效力位阶：地方规范性文件法规奖别：期货综合规定IssuingAuthorityDa1.ianCommodityExchangeDocumen1.Number：AnM>utene1.No.5712()24)uf!1.tnCommudi1.yExchangeDmCIssued：07-19-2024EffectiveDate:IQ-2520241.eve1.ofAUUK)TiIy.1.oea1.Regu1.atoryDocumenuArb1.ofIawGcncni1.ProvisionsonF7UtiircxAnnouncementontheAmendmentstotheMeasuresforAdministrationofAbnorma1.TradingBehaviorsofDa1.ianCommodityExchange大连商品交易所关于修改大连商品交易所异常交易行为管理办法的公告No.572024DCE大连商品交易所公告（2024）57号Upondiscussionandapprova1.atthe46thmeetingofthe4thBoardofGovernorsofDa1.ianCommodityExchange,theamendmentstotheMeasuresforAdministrationofAbnorma1.TradingBehaviorsofDa1.ianCommodityEeintoeffectfromthetradingon25October2024(i.e.,thenighttradingperiodon24October2024).大连商品交易所异常交易行为管理办法的修改巳由大连商品交易所第四届理事会第四十六次会议审议通过，现予公布，自2024年10月25日交易时（即10月24日晚夜盘）起施行。Theannouncementisherebyre1.eased.特此公告。附件1：大连商品交易所异常交易行为管理办法附件2：大连商品交易所异常交易行为管理办法修改对照表大连商品交易所2024年7月19日附件1大连商品交易所异常交易行为管理办法第一章总则第一条为了规范期货交易行为，保护期货交易当事人的合法权益，维护市场正常秩序，根据大连商品交易所交易规则，制定本办法。第二条大连商品交易所（以下简称交易所）对期货交易行为进行自律管理，发现交易行为异常的，可以启动异常交易行为处理程序，对相关会员、境外特殊参与者、境外中Attachments:!.MeasuresforAdministrationofAbnorma1.TradingBehaviorsofDa1.ianCommodityExchange.doc×2.ComparisonTab1.eoftheAmendmentstotheMeasuresforAdministrationofAbnorma1.TradingBehaviorsofDa1.ianCommodityExchangeDa1.ianCommodityExchangeJu1.y19,2024Attachment1MeasuresforAdministrationofAbnorma1.TradingBehaviorsofDa1.ianCommodityExchangeChapterIGenera1.ProvisionsArtic1.e1TheMeasuresforAdministrationofAbnorma1.TradingBehaviorsofDa1.ianCommodityExchange(the"Measures")areformu1.atedinaccordancewiththeTradingRu1.esofDa1.ianCommodityExchangeinordertoregu1.atefuturestradingpractices,protectthe1.awfu1.rightsandinterestsofthepartiestofuturestradingandmaintainanorder1.yfuturesmarket.Artic1.e2Da1.ianCommodityExchange(the"Exchange")wi1.1.conductse1.f-regu1.atorysupervisionoverthefuturestradingactivitiesandmayactivatetheproceduresforhand1.ingabnorma1.tradingbehaviors,takeappropriatese1.f-regu1.atorymeasuresagainstthere1.evantMembers,theOverseasSpecia1.Participants(the"OSPs"),OverseasIntermediariesorc1.ientsincaseofanyabnorma1.ityinfuturestradingactivities.Artic1.e3TheFuturesCompanyMembers,OverseasSpecia1.BrokerageParticipants(the"OSBPs")andtheOverseasIntermediariessha1.1.du1.ysupen/isethetradingactivitiesoftheirc1.ients;discover,stopandreportanyabnorma1.tradingbehaviorsofthec1.ientsinatime1.ymanner;andsha1.1.notindu1.ge,induce,encourageorsupportanyc1.ienttoengageinabnorma1.trading.Artic1.e4TheNon-FuturesCompanyMembers,theOverseasSpecia1.Non-BrokerageParticipants(the"OSNBPs"),p1.ywiththe1.aws,regu1.ations,by1.awsandtheru1.esoftheExchange,acceptse1.f-regu1.atorysupervisionbytheExchangeandconscious1.yregu1.atetheirtradingactivities.Thec1.ientssha1.1.accepttheadministrationofFuturesCompanyMembers,OSBPsandOverseasIntermediarieson1.awfu1.tradingandcomp1.iance.Chapter11IdentificationofAbnorma1.TradingBehaviors介机构或者客户采取相应自律管理措施。第三条期货公司会员、境外特殊经纪参与者、境外中介机构应当切实履行客户交易行为管理职责，及时发现、及时制止、及时报告客户的异常交易行为，不得纵容、诱导、怂恿、支持客户进行异常交易。笫四条非期货公司会员、境外特殊非经纪参与者、客户参与期货交易应当遵守法律、法规、规章和交易所业务规则，接受交易所自律管理，自觉规范交易行为。客户应当接受期货公司会员、境外特殊经纪参与者、境外中介机构对其交易行为的合法合规性管理。第二章异常交易行为认定笫五条期货交易出现以下情形之一的，交易所认定为异常交易行为：（一）自成交行为，即以自己为交易对象，进行自买自卖的行为，或者实际控制关系账户组内发生的互为对手方交易的行为；Artic1.e5Anyofthefo1.1.owingactivitiesinfuturestradingsha1.1.bedeemedasanabnorma1.tradingbehaviorbytheExchange:(1)se1.f-tradeactivities,name1.y,thetradingactivitiesbetweenone'sownaccountsbyactingasitsowncounterparty,orthetradingactivitieswithinagroupofaccountswithactua1.contro1.re1.ationshipasidentified;(2)frequentcance1.1.ationoforders,name1.y,thebehaviorsoffrequentsubmissionandcance1.1.ationoforders;（二）频繁报撤单行为，即频繁申报并撤销申报的行为：(3)cance1.1.ationof1.arge-amountorders,name1.y,thebehaviorsofmu1.tip1.esubmissionsandcance1.1.ationsof1.arge-amountoforders;（三）大额报撤单行为，即多次大额申报并撤销申报的行为；(4)programtradingdisturbingthetradingorders,name1.y,thebehaviorsofp1.acingtradingordersviaprogramtradingaffectingorpossib1.yaffectingsystemsecurityoftheExchangeordisturbingthenorma1.tradingorder;or（四）程序化交易扰乱交易秩序行为，即采取程序化交易方式下达交易指令，影响或者可能影响交易所系统安全或者扰乱正常交易秩序的行为；(5)othercircumstancesidentifiedbytheChinaSecuritiesRegu1.atoryCommission(,'CSRC")ortheExchange.（五）中国证监会规定或者交易所认定的其他情形。Artic1.e6Thec1.ient,theNon-FuturesCompanyMemberortheOSNBPinvo1.vedinanyofthefo1.1.owingcircumstances,sha1.1.bedeemedasreachingthehand1.ingstandardsofabnorma1.tradingbehaviorsprescribedbytheExchange,inc1.udingthese1.f-trade,frequentcance1.1.ationofordersorcance1.1.ationof1.arge-amountoforders:第六条客户、非期货公司会员、境外特殊非经纪参与者出现以下情形之一的，即达到交易所自成交、频繁报撤单或者大额报撤单异常交易行为处理标准：(1)morethanfive(5)timesofse1.f-tradesinthesamecontractonasing1.etradingday;（一）单个交易日在某一合约上的自成交次数达到5次以上的；（一）单个交易日在某一合约上的撤单次数达到500次以上的；(2)morethanfivehundred(500)timesofordercance1.1.ationsinthesamecontractonasing1.etradingday;or(3)morethanfifty(50)timesofordercance1.1.ations(三)单个交易日在某一合约上的撤单次数达到50次以上，且单笔微单的撤单量达到合约最大下单手数的80%以上的。inthesamecontractonasing1.etradingday,withthesing1.ecance1.1.edorderexceedingeightypercent(80%)ofthemaximumorderquantityp1.acedunderthiscontract.第七条交易所的市价指令、止损（盈）指令、套利指令产生的自成交、频繁报撤单、大额报撤单行为不构成异常交易行为。Artic1.e7These1.f-trade,frequentcance1.1.ationoforders,cance1.1.ationof1.arge-amountordersarisingoutofthemarketorders,stop-1.oss(profit)orders,spreadordersoftheExchangewi1.1.notbedeemedasabnorma1.tradingbehaviors.套期保值交易产生的自成交、频繁报激单、大额报撤单行为不构成异常交易行为。These1.f-trade,frequentcance1.1.ationofordersandcance1.1.ationof1.arge-amountordersarisingoutofthehedgetradingwi1.1.notbedeemedasabnorma1.tradingbehaviors.做市交易产生的频繁报撤单行为不构成异常交易行为。Thefrequentcance1.1.ationofordersarisingoutofmarketmakingwi1.1.notbedeemedasabnorma1.tradingbehaviors.除上述情形外，实施申报费的合约上符合交易所公布情形的频繁报撤单行为不构成异常交易行为。Inadditiontotheabove,thefrequentcance1.1.ationofordersonthecontractswiththeimp1.ementationoforderfeesthatcomp1.ieswiththecircumstancespub1.ishedbytheExchangewi1.1.notbedeemedasabnorma1.tradingbehaviors.第八条客户、非期货公司会员、境外特殊非经纪参与者单个交易日在两个以上期货合约或者期权合约上因自成交、频繁报撤单、大额报撤单达到交易所处理标准的，同一种异常交易行为按照发生一次认定。Artic1.e8Incasethese1.f-trade,frequentcance1.1.ationofordersorthecance1.1.ationof1.arge-amountofordersbythec1.ients,theNon-FuturesCompanyMembersortheOSNBPsinmu1.tip1.efuturesoroptioncontractsonasing1.etradingdayhasreachedthehand1.ingstandardsprescribedbytheExchange,thesamekindofabnorma1.tradingbehaviorsinre1.ationtoa1.1.thesefuturescontractsora1.1.theseoptioncontractswi1.1.bedeemedasasing1.eoccurrenceofthatabnorma1.tradingbehaviorrespective1.y.TheExchangesha1.1.identifyandhand1.ethese1.ftrade,frequentcance1.1.ationoforders,cance1.1.ationof1.arge-amountordersinrespectofthefuturesandthoseofoptioncontractsseparate1.y.交易所对期货、期权合约上的自成交、频繁报撤单、大额报撤单行为分别统计和处理。Artic1.e9TheExchangesha1.1.ca1.cu1.atethese1.ftrade,frequentcance1.1.ationoforders,cance1.1.ationof1.arge-amountordersandotherabnorma1.tradingbehaviorsoftheaccountswithactua1.contro1.re1.ationshiponaconso1.idatedbasis,thehand1.ingstandardsforwhicharethesameasthoseforthec1.ients,theNon-FuturesCompanyMembersandtheOSNBPs.笫九条交易所对实际控制关系账户的自成交、频繁报撤单、大额报撤单等异常交易行为合并计算，其处理标准与客户、非期货公司会员、境外特殊非经纪参与者相同。Artic1.e10Withrespecttothese1.f-trade,frequentcance1.1.ationofordersorthecance1.1.ationof1.arge-amountofordersthatdoesnotreachthehand1.ingstandardsfortheabnorma1.tradingbehaviorsprescribedbytheExchangeorisnotdeemedastheabnorma1.tradingbehaviors,ifothervio1.ationsareconstituted,itsha1.1.behand1.edpursuanttore1.evantru1.esoftheExchange.Chapter11IHand1.ingoftheAbnorma1.TradingBehaviorsArtic1.e11Ifanyoftheactivitiesdeemedasabnorma1.tradingbehaviors1.istedinArtic1.e5oftheMeasuresoccurs,theExchangemaytakefo1.1.owingse1.f-regu1.atorymeasuresaccordingtotheseverityofthecircumstances:(1)de1.iveringte1.ephonea1.ert;(2)requiringanexp1.anatoryreport;第十条对于未达到交易所异常交易行为父理标准或者未被认定为异常交易行为的自成交、频繁报撤单、大额报撤单，若构成其他违规行为的，按照交易所有关规定处理。第三章异常交易行为处理笫十一条出现本办法第五条所列异常交易行为之一的，交易所可以根据情节轻重采取下列自律管理措施：（一）电话提示;（二）要求报告情况;(3)addingtothekeysupervision1.ist;（三）列入重点监管名单;(4)notifyingtheMembersortheOSBPs;（四）向会员、境外特殊经纪参与者通报；(5)arrangingforata1.k;（五）约见谈话:(6)restrictingtheopeningofpositions;or（六）限制开仓;(7)otherse1.f-regu1.atorymeasurespursuanttotheru1.esoftheExchange.（七）根据交易所业务规则可以采取的其他自律管理措施。Thec1.ients,theNon-FuturesCompanyMembersortheOSNBPsrestrictedfromopeningpositionssha1.1.bepub1.ishedbytheExchange.被采取限制开仓自律管理措施的客户、非期货公司会员、境外特殊非经纪参与者，交易所将向市场公布。Incaseoftheabnorma1.tradingbehaviorswithsuspectedvio1.ations,theExchangesha1.1.a1.sohand1.ethecasepursuanttotheMeasuresagainstRu1.eVio1.ationsofDa1.ianCommodityExchange;incaseofthesuspectedvio1.ationsof1.aws,regu1.ationsorby1.aws,theExchangesha1.1.submitthecasestoCSRCforinvestigation.出现异常交易行为并涉嫌违规的，交易所同时按照大连商品交易所违规处理办法进行处理：涉嫌违反法律、法规或者规章的，交易所提请中国证监会进行立案调查。Artic1.e12Wherethese1.f-trade,frequentcance1.1.ationofordersorcance1.1.ationof1.arge-amountordersconductedbyac1.ientreachesthehand1.ingstandardsoftheExchange,theExchangesha1.1.performhand1.ingproceduresasfo1.1.ows:(1)forthefirsttimeofreachingthehand1.ingstandards,theExchangewi1.1.a1.ertthec1.ient'sFuturesCompanyMemberortheOSBPontheverydayonwhichthec1.ientreachesthehand1.ingstandards,andrequirethemtoforwardtheExchange'sa1.ertstothec1.ienttime1.y,educate,第十二条客户自成交、频繁报激单、大额报撤单行为达到交易所处理标准的，交易所按照以下程序进行处理：（一）第一次达到处理标准的，交易所于当日对客户所在期货公司会员、境外特殊经纪参与者进行提示，要求其及时将交易所提示转达客户，对客户进行教育、引导,劝阻及制止：guide,dissuadeandstopthec1.ientwithabnorma1.tradingbehaviors;（二）第二次达到处理标准的，交易所将该客户列入重点监管名单，同时向客户所在期货公司会员、境外特殊经纪参与者通报；(2)forthesecondtimeofreachingthehand1.ingstandards,theExchangewi1.1.addthec1.ienttothekeysupervision1.istandnotifyitsFuturesCompanyMemberorOSBP;and（三）第三次达到处理标准的，交易所于当日闭市后对该客户采取限制开仓的自律管理措施，限制开仓的时间为1个月。(3)forthethirdtimeofreachingthehand1.ingstandards,theExchangewi1.1.,aftermarketc1.oseonthatveryday,takese1.f-regu1.atorymeasuresofrestrictingthec1.ientfromopeningpositionsforone(1)month.第十三条非期货公司会员、境外特殊非经纪参与者自成交、频繁报撤单、大额报撤单行为达到交易所处理标准的，交易所按照以下程序进行处理:Artic1.e13Wherethese1.f-trade,frequentcance1.1.ationofordersorcance1.1.ationof1.arge-amountordersconductedbyaNon-FuturesCompanyMemberoranOSNBPreachesthehand1.ingstandards,theExchangesha1.1.performhand1.ingproceduresasfo1.1.ows:（一）第一次达到处理标准的，交易所对该非期货公司会员、境外特殊非经纪参与者的指定联系人进行提示；(1)forthefirsttimeofreachingthehand1.ingstandards,theExchangewi1.1.a1.ertthedesignatedcontactpersonoftheNon-FuturesCompanyMemberortheOSNBP;（二）第二次达到处理标准的，交易所对该非期货公司会员、境外特殊非经纪参与者的高级管理人员进行约见谈话；(2)forthesecondtimeofreachingthehand1.ingstandards,theExchangewi1.1.arrangeta1.kswithseniormanagersoftheNon-FuturesCompanyMemberortheOSNBP;and（三）第三次达到处理标准的，交易所对该非期货公司会员、境外特殊非经纪参与者采(3)forthethirdtimeofreachingthehand1.ingstandards,theExchangewi1.1.takese1.f-regu1.atorymeasuresofrestrictingtheNon-FuturesCompany取限制开仓的自律管理措施,限制开仓的时间为3个月。MemberortheOSNBPfromopeningpositionsforthree(3)months.第十四条完全由客户构成的实际控制关系账户组出现自成交、频繁报撤单、大额报撒单行为达到交易所处理标准的，交易所按照本办法第十二条的规定进行处理。Artic1.e14Incasethese1.f-trade,frequentcance1.1.ationofordersorcance1.1.ationof1.arge-amountordersoccurredinagroupofaccountswithactua1.contro1.re1.ationshipon1.ycontainingc1.ientsmeetsthehand1.ingstandards,theExchangesha1.1.hand1.esuchcasepursuanttoArtic1.e12oftheMeasures.包含非期货公司会员或者境外特殊非经纪参与者的实际控制关系账户组出现自成交、频繁报撤单、大额报撤单行为达到交易所处理标准的，交易所按照本办法第十三条的规定进行处理。Incasethese1.f-trade,frequentcance1.1.ationofordersorcance1.1.ationof1.arge-amountordersoccurredinagroupofaccountswithactua1.contro1.re1.ationshipcontainingaNon-FuturesCompanyMemberoranOSNBPmeetsthehand1.ingstandards,theExchangesha1.1.hand1.esuchcasepursuanttoArtic1.e13oftheMeasures.第十五条客户自成交、频繁报撤单、大额报撤单行为发生在两个以上期货公司会员、境外特殊经纪参与者的，交易所根据异常交易行为的类别，分别选择自成交、频繁报撒单、大额报撤单行为发生次数最多的期货公司会员、境外特殊经纪参与者进行提示。Artic1.e15Incaseac1.ient'sse1.f-trade,frequentcance1.1.ationofordersorcance1.1.ationof1.arge-amountorderstakesp1.acethroughmorethantwoFuturesCompanyMembersorOSBPs1theExchangewi1.1.,onthebasisofc1.assificationoftheabnorma1.tradingbehaviors,makea1.ertstotheFuturesCompanyMembersorOSBPsseparate1.ythroughwhichthehighestnumberofeachsuchtypeofabnorma1.tradingbehaviorstakesp1.ace.第四章监督责任ChapterIVSupervisionResponsibi1.ities笫十六条期货公司会员、境外特殊经纪参与者、境外中介机构应当密切关注客户的交易行为，积极防范客户在交易中可能出现的异常交易行Artic1.e16TheFuturesCompanyMembers,OSBPsandOverseasIntermediariessha1.1.c1.ose1.ymonitorthetradingactivitiesofthec1.ients,proactive1.ypreventtheirc1.ientsfromconductinganyabnorma1.tradingactivityinfuturestrading,andguidethemtoconductfuturestradinginarationa1.andcomp1.iantmanner.为，引导客户理性,合规参与期货交易。IfanyFuturesCompanyMember,OSBPorOverseasIntermediarydiscoversanyabnorma1.tradingbehavior1.istedinArtic1.e5oftheMeasuresconductedbyac1.ientduringfuturestrading,itsha1.1.a1.ert,dissuadeandstopthec1.ientandprompt1.yreporttotheExchange.期货公司会员、境外特殊经纪参与者、境外中介机构发现客户在期货交易过程中出现本办法第五条所列异常交易行为之一的，应当及时予以提醒、劝P且和制止，并及时向交易所报告。Artic1.e17Thec1.ients,Non-FuturesCompanyMembersandOSNBPssha1.1.reporttotheExchangeforfi1.ingbeforetheprogramtradingwhenadoptingtheprogramtrading.第十七条客户、非期货公司会员、境外特殊非经纪参与者采用程序化方式交易的，应当在程序化交易前向交易所进行报备。IncasetheExchangediscoversthatthec1.ients,Non-FuturesCompanyMembersorOSNBPsmightengageintheprogramtrading,theExchangemayrequirethemtofi1.eforrecords,andre1.evantrequirementssha1.1.bepub1.ishedbytheExchangeseparate1.y.交易所发现客户、非期货公司会员、境外特殊非经纪参与者可能存在程序化交易的，可以要求其进行报备，有关要求由交易所另行通知。Artic1.e18IncasetheExchangemakesthese1.f-regu1.atorymeasuresagainstac1.ientwhoisfoundtohaveabnorma1.tradingbehaviors,theFuturesCompanyMember,OSBPorOverseasIntermediarysha1.1.notifythec1.ientprompt1.y,retainre1.atedevidenceandtakeeffectivemeasurestoregu1.atethec1.ient'stradingactivities.第十八条交易所对存在异常交易行为的客户采取有关自律管理措施的，期货公司会员、境外特殊经纪参与者、境外中介机构应当及时通知相关客户，保留有关证据，并采取有效措施规范客户交易行为。Artic1.e19IfaFuturesCompanyMember,anOSBPoranOverseasIntermediaryhasanyoneofthefo1.1.owingbehaviors,theExchangemaydemandrectificationandtakese1.f-regu1.atorymeasures,inc1.udingde1.iveringphonea1.ert,第十九条期货公司会员、境外特殊经纪参与者、境外中介机构具有下列情形之一的，交易所可以责令其整改，arrangingforata1.k,issuingaregu1.atorywarning1.etterandissuingaregu1.atoryopinion1.etter:采取电话提示、约见谈话、发出监管警示函、发出监管意见函等自律管理措施：(1)fai1.ingtonotifyandforwardtheExchange'sse1.f-regu1.atorymeasurestothec1.ientinatime1.yandaccuratemanner;（一）未及时、准确地向客户传达、送达交易所有关自律管理措施；(2)fai1.ingtotakeeffectivemeasurestostopabnorma1.tradingbehaviorsofitsc1.ients;（二）未采取有效措施制止客户异常交易行为；(3)fai1.ingtoassistintheinvestigationofsuspectedvio1.ationof1.awsorregu1.ationsasrequiredbytheExchange,orintentiona1.1.yde1.ayproce