Penetrating supervision belongs to the penetrating supervision of the CSRC, which means that the supervision department can see through the securities accounts of investors and clearly grasp the situation of each account. Don't look at the declaration, cash withdrawal and transaction, because the login information covers all your transaction information, and information will be collected after several logins.

See-through supervision has little influence on the normal trading of most investors, but it has great influence on self-developed procedures, such as procedural and high-frequency trading. Transparent supervision violates trading rules and disrupts market transactions, such as frequent withdrawal of orders, multiple accounts, and knocking on orders.

Transparent supervision refers to requiring futures companies to authenticate and manage the trading terminal software used by investors to ensure that the software has the function of collecting and submitting the trading terminal information of investors truly, accurately and completely. Terminal information can be collected by the trading counter in an encrypted way and submitted to the futures market monitoring center through an encrypted channel, and the monitoring center establishes an information analysis and trading behavior analysis system based on the collected big data information!

Why should the CSRC implement penetrating supervision? It is conducive to strengthening the front-line supervision of the futures exchange and the supervision and enforcement of the CSRC, maintaining the order of the futures market and protecting the interests of investors. For example, we can supervise some related accounts that manipulate the market by using advanced trading software programming technology to deter them from manipulating the market at will!