Manipulating the market seriously distorts the price of the futures market, which hinders the price discovery and hedging function of the futures money market and is extremely harmful. Therefore, the regulatory authorities and futures exchanges all over the world have taken strict measures to prevent and combat market manipulation. Frequently adopted measures are:

(1) Strictly control illegal funds flowing into the futures market. Futures exchanges and futures brokerage companies shall formulate a strict review system for the sources of funds for members and customers to prevent credit funds and funds with unknown sources from flowing into the futures market.

(2) Improve the futures margin system. This is the most effective means for futures exchanges to control risks, so it is necessary to improve and strictly implement the margin system. Market manipulators mainly rely on their capital advantages to open a large number of positions and affect prices. When it is found that someone in the market is trying to manipulate the market, the futures exchange should appropriately increase the margin of both long and short sides or one side to increase their transaction costs and let the market manipulators know the difficulties before coming back. For contracts entering the delivery month. In order to prevent forced liquidation, the method of gradually increasing the deposit by stages can be implemented to ensure the smooth delivery of the physical goods.

(3) Strictly implement the position limit system and large account reporting system. In order to prevent large-scale market manipulation, the exchange must set a maximum position of futures contracts for its members and customers. If members and customers exceed the prescribed positions, the futures exchange may take measures such as forcibly closing positions or adding margin. At the same time, the futures exchange must also stipulate the reasonable position of each member and customer. When the position exceeds the specified position, members and customers must report their trading purposes and funds to the exchange.

(4) Strictly implement the delivery system. The futures exchange reasonably determines the delivery grade of futures commodities, so that traders who make physical delivery can easily find commodities that meet the futures delivery standards in the spot market. In the design of delivery system, we should ensure the principle of delivery as long as it meets the delivery standards, and we should not restrict physical delivery for any reason, reduce delivery costs as much as possible, simplify delivery procedures, and make it easy to cut physical documents, thus reducing the possibility of large households forcing positions.