Core Points - The China Futures Association (CFA) announced three recommended group standards for the futures industry, effective from the date of publication [1] - The standards include guidelines for the functionality testing of algorithmic trading systems, trading information system testing, and management interface standards for fund deposit and withdrawal [1] - A mandatory agreement template for algorithmic trading has been established, which must be signed by futures companies and clients before engaging in algorithmic trading [1] Group 1 - The CFA published three group standards: "Guidelines for Functionality Testing of Algorithmic Trading Systems" (T/ZQX 0004-2025), "Testing Guidelines for Futures Company Trading Information Systems" (T/ZQX 0005-2025), and "Futures Company Management Interface Standards Part 1: Fund Deposit and Withdrawal Interface" (T/ZQX 0006.1-2025) [1] - The mandatory agreement template for algorithmic trading, known as "Essential Terms," was approved by the CFA's sixth council meeting and will take effect on October 9, 2025 [1] - Futures companies must sign the agreement with clients before accepting algorithmic trading commissions, and those already engaged in such activities must sign the agreement within six months of its implementation [1]

Core Viewpoint - The China Futures Association has announced the implementation of the "Programmatic Trading Entrustment Agreement Text (Essential Clauses)" to standardize the entrustment agreement signing and performance behavior for programmatic trading in the futures market, effective from October 9, 2025 [1] Group 1 - The "Essential Clauses" were developed after extensive consultation and are aimed at fulfilling the requirements of the "Regulations on the Management of Programmatic Trading in the Futures Market (Trial)" [1] - Futures companies must sign an entrustment agreement with clients before accepting programmatic trading entrustments, and those already engaged in programmatic trading must sign the agreement within six months of the implementation date [1] - The entrustment agreement must include all contents of the "Essential Clauses," and futures companies may add provisions based on their own risk control requirements [1] Group 2 - On the same day, the China Futures Association also published three recommended industry standards, including "Guidelines for Functional Testing of Futures Programmatic Trading Systems" (T/ZQX 0004-2025), "Testing Guidelines for Futures Company Trading Information Systems" (T/ZQX 0005-2025), and "Futures Company Counter System Management Interface Standards Part 1: Deposit and Withdrawal Interface" (T/ZQX 0006.1-2025), which will be implemented immediately upon publication [1]