China's Everbright Securities Slapped with Restrictions

　　Friday's trading glitch¹ at Everbright Securities in China has prompted the China Financial Futures² Exchange to impose restrictions³ on the company's ability to establish fresh stock index futures throughout this Tuesday.

 

　　At the same time, the China Securities Regulatory Commission says it is launching a formal investigation⁴ into the case.

 

　　In addition, Everbright has been banned by the Shanghai securities authorities for conducting proprietary⁵ stock trades on the spot market for three months.

 

　　Everbright has also gone on record vowing⁶ any profits yielded from the massive index shorting on Friday will be dealt with legally.

 

　　Last Friday, Everbright Securities placed buy orders worth some 23-billion yuan due to an alleged⁷ system error.

 

　　This saw the Shanghai Stock Exchange increase by well over 5-percent in intra-day trading before giving up all the gains.

 

　　For more on the issue, we're joined live now by Mark Hughes, Executive Business Editor of China Daily.

1 glitch   

n.干扰；误操作，小故障

参考例句：

• There is a glitch in the computer program somewhere.这个计算机程序中的某个部分有点小问题。
• It could just be a random glitch that can be solved by restarting the machine.可能只是一个小故障，重新启动主机就能解决了。

2 futures   

n.期货，期货交易

参考例句：

• He continued his operations in cotton futures.他继续进行棉花期货交易。
• Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。

3 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

4 investigation   

n.调查，调查研究

参考例句：

• In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
• He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。

5 proprietary   

n.所有权，所有的；独占的；业主

参考例句：

• We had to take action to protect the proprietary technology.我们必须采取措施保护专利技术。
• Proprietary right is the foundation of jus rerem.所有权是物权法之根基。

6 vowing   

起誓，发誓（vow的现在分词形式）

参考例句：

• President Bush is vowing to help Minneapolis rebuild its collapsed bridge. 布什总统承诺将帮助明尼阿波利斯重建坍塌的大桥。
• President Bush is vowing to help Minneapolis rebuild this collapse bridge. 布什总统发誓要帮助明尼阿波利斯重建起这座坍塌的桥梁。

7 alleged   

a.被指控的，嫌疑的

参考例句：

• It was alleged that he had taken bribes while in office. 他被指称在任时收受贿赂。
• alleged irregularities in the election campaign 被指称竞选运动中的不正当行为