(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 raise the margin for both long and short parties, so as to increase its transaction cost and make the market manipulator retreat. For contracts entering the delivery month, in order to prevent short positions, the method of gradually increasing the deposit by stages can be implemented to ensure the smooth delivery of physical objects.
(3) Strictly implement the warehouse restriction and large household reporting system. In order to prevent large households from manipulating the market, 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, minimize delivery costs and simplify delivery procedures, so as to make physical delivery simple and easy, thus reducing the possibility of large households forcing positions.
Legal basis:
Criminal law of the people's Republic of China
Article 182 Any of the following circumstances is the crime of manipulating the securities and futures market. If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or only be fined; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined:
(a) alone or in collusion, pooling funds, equity or position advantages, or using information advantages to jointly or continuously buy and sell;
(2) colluding with others to trade securities and futures with each other at the time, price and method agreed in advance;
(3) buying and selling securities between accounts under its actual control, or buying and selling futures contracts on its own.
(four) for the purpose of closing a deal, frequently or in large quantities, and cancel the declaration;
(5) Using false or uncertain important information to induce investors to trade securities and futures.
(6) Making comments, predictions or investment suggestions on the disclosure of securities, securities issuers and futures trading targets, and conducting reverse securities trading or related futures trading at the same time;
(7) Manipulating the securities and futures markets by other means. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.