Shanghai Stock Exchange, Implementing Rules for the Administration of Program Trading (Draft for Comments)

上海证券交易所程序化交易管理实施细则 (征求意见稿)

July 31, 2024 | BY

Susan Mok

Shanghai Stock Exchange specifies the reporting requirements for program trading

Issued: June 7, 2024

Main contents: The Rules apply to program trading of securities such as stocks, bonds, funds and depositary receipts on the exchange and program trading investors mainly include member clients that conduct program trading, members, public funds and other institutions that use trading units, such as insurance institutions.

Before conducting program trading for the first time, the member client is required to report to the member; and the firm using the trading units is required to report directly to the exchange. In the event of a material change in the reported information, the obligation of amending the report is required to be performed within the prescribed delay.

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