Mid-term cooperation to implement the "Programmatic Trading Order Agreement Text"

The China Futures Industry Association has formulated the "Text of Program Trading Order Agreement" after extensive solicitation of opinions. The "Essential Clauses" were deliberated and approved at the 21st meeting of the Sixth Council of the Association, and are now being issued, to be implemented from October 9, 2025. Before accepting clients' program trading orders, futures companies should sign an order agreement with their clients. If they have been engaged in activities related to program trading before the implementation of the "Essential Clauses", they should sign an order agreement within 6 months from the date of implementation. The order agreement must cover all the content of the "Essential Clauses", and futures companies can appropriately add to the "Essential Clauses" based on their own risk control requirements and specific circumstances.