The difference between a member-based futures exchange and a company-based futures exchange is generally manifested in the following aspects. Whether (1) aims at profit. Membership futures exchanges are usually not for profit; Enterprise futures exchanges usually aim at profit and pursue the maximization of exchange profits. ② The decision-makers are different. The highest authority of a member-based futures exchange is the general meeting of members, and the highest authority of a company-based futures exchange is the general meeting of shareholders. The standing body of the highest authority of a membership futures exchange is the board of directors, and the standing body of the highest authority of a corporate futures exchange is the board of directors. ③ Different applicable laws. Membership futures exchanges generally apply the relevant provisions of civil law; Company-based futures exchanges should first apply the provisions of the Company Law, and only when there is no provision in the Company Law can the General Principles of Civil Law be applied.