1. Different definitions: liquidation is a procedure to terminate the existing legal relationship, dispose of its remaining property and make it disappear, including calculation and verification. The operation of futures is to calculate and distribute the trading margin, profit and loss, handling fee, delivery money and other related funds of members according to the trading results and relevant regulations of the exchange.

2. Different functions: The significance of company liquidation is that the company liquidation system is a very important part of the company's demise. The operation of futures facilitates commodity trading, shortens the settlement process and time, accelerates capital turnover and accelerates the smooth progress of social expansion and reproduction.