Securities companies can participate in futures companies. Securities companies can only open accounts in futures companies or securities business departments with IB qualifications before they can participate in futures companies. A securities company refers to a limited liability company or a joint stock limited company with independent legal personality that specializes in securities business. The conditions for the establishment of a securities company are: the registered capital of the company meets the regulations, the articles of association meet the requirements of laws and administrative regulations, and the risk management and internal control systems are sound.