Chinese Quant Firm Suspended From Futures Trading for Flouting Exchange Rules

What’s new: A private quant fund management firm has been suspended from opening new positions in stock index futures for 12 months after circumventing exchange rules on trading limits, as Chinese regulators step up scrutiny of quantitative traders.

Shanghai Weiwan Private Fund Management Co. Ltd. failed to report the connections between five accounts it controlled and used to trade multiple stock index futures beyond the limits set by the China Financial Futures Exchange, the bourse announced on Wednesday.