Contract Abnormal Trading Supervision Standards and Handling Measures

1. Definition of Abnormal Trading Behavior

1. Exploiting platform mechanism loopholes for arbitrage, including but not limited to: self-trading, using multiple devices and accounts to repeatedly earn fees, rebates, bonuses, hedging, etc. Once discovered, all illegal gains will be deducted;
2. Consolidated positions of related accounts under actual control exceeding the exchange’s position limits;
3. Related accounts under actual control engaging in wash trading or matched orders to manipulate market prices and gain illegal profits;
4. Customers illegally stealing others’ accounts and passwords, or using related accounts to conduct illegal trading and transfer funds;
5. Using own account or multiple accounts to conduct AB warehouse trading;
6. High-frequency trading or illegal quantitative trading and arbitrage trading;
7. Related accounts engaging in abnormal convergent trading behavior;
8. Participating in price manipulation or any other malicious market behavior;
9. Trading on behalf of others;
10. Possibly exploiting vulnerabilities of this service or other improper means to harm other users or the platform;
11. Participating in any other activities deemed harmful to the market by the platform;

2. Types and Characteristics of Stolen Password Trading and Matched Orders

1. Stolen Password Trading: Refers to trading where stolen transaction passwords of others are used to trade as counterparties with accounts controlled by oneself, disrupting trading order to transfer funds;
2. Matched Orders of Related Accounts: In two or more related accounts, through prior collusion or prearranged agreement with others, placing orders at the same price at the same time, where one account buys high and sells low with obvious losses or buys low and sells high with obvious profits, thereby transferring funds from the principal’s account to their own account;
3. Entrusted party using matched orders to transfer funds from the principal’s account: The entrusted party uses the principal’s account to trade as counterparties with their own account, transferring funds from the entrusted party’s account to their own account;
4. Identification of related accounts: Similar registration times, identical registration IPs, identical deposit and withdrawal addresses, and other information;

3. Types and Characteristics of Matched Orders, Wash Trading, AB Warehouse, and High-Frequency Illegal Trading

1. Multiple related accounts placing orders at the same time on the same product, same direction, similar proportion of lots, similar opening prices, and similar closing prices;
2. Using the same account or multiple related accounts to open and close positions manually or by placing orders on the same product at the same time but in different directions with similar proportion of lots;
3. Rapid opening and closing of trades within extremely short time intervals;

4. Types and Characteristics of High-Frequency Wash Trading Violations

1. Within one rebate day, holding order quantity greater than or equal to 100 orders or a proportion greater than or equal to 30% within three minutes;
2. Rebate amount exceeding principal and position profits;
3. Maliciously extracting funding fees;
4. Using rebates for small spread arbitrage trading;
5. Other arbitrage trading exploiting the rebate mechanism for fee profits;
6. Multiple related accounts trading will be treated as a single account and handled according to high-frequency wash trading standards;

5. Penalties for Customers Engaging in Violations