CoFIF closed last week (15 Sep) down 1-3% in price and down 47% in trading
volume. Daily turnover dropped below $1bn for the first time since CoFIF launch
on 18 Aug. Open interests, the balance of CoFIF that traders hold overnight, was
up 9% WoW.
The influx of liquidity on 5 Sep turned out to be due to one trader’s irregular
position building that has been stopped by the exchange as per a notice
published in INE’s Chinese website after market close on 5 Sep. To raise barrier
for irregular tradi