For companies that have passed the audit, such as Guotai Junan, IB business can be officially launched this week or next week, the boss of a futures company in Shanghai told this newspaper.
The so-called IB (introduction broker) refers to the system that the securities company accepts the entrustment of the futures company to introduce customers to participate in futures trading and provide other related services for the futures company, and the futures company pays the commission to the securities company. As early as June 5438+February 2007, Galaxy Securities was awarded the first IB qualification of stock index futures by CSRC. Does the statement of the above-mentioned regulatory authorities mean that the IB business that has been brewing for many years is expected to fully land next week? Open the door? .
Judging from the recent situation, the regulatory authorities have stepped up efforts to promote the progress of IB business of brokers. A source told this reporter that yesterday, Galaxy Securities has obtained a letter of no objection from Beijing Securities Regulatory Bureau on its IB business. On Monday, Beijing Securities Regulatory Bureau completed the on-site acceptance of IB business of Galaxy Securities, and then the IB business was approved for entry? Urgent? Channel processing.
Next, if several business departments that Galaxy Securities declared to prepare for IB business passed the on-site acceptance and got a letter of no objection from the local securities regulatory bureau, the whole process would be completed, waiting for the regulatory authorities to start IB business.
However, at present, the progress of IB business acceptance of securities regulatory bureaus varies from place to place. According to the above sources, the Shanghai Securities Regulatory Bureau issued a letter of no objection to the IB business of Guotai Junan Securities and Shenyin Wanguo Securities, and then the Beijing Securities Regulatory Bureau also issued a letter of no objection to Galaxy Securities.
Haitong Securities? (600837) It was also announced last night that the company's preparations for providing IB business for futures companies passed the acceptance of Shanghai Securities Regulatory Bureau.
According to the above-mentioned sources, the next step will be for the securities business department to apply to the CSRC. After on-site acceptance, a letter of no objection at the business department level will be issued again to carry out IB business.
The newspaper learned from Shen Yin Wanguo Securities that the business departments of Shen Yin Wanguo Securities, such as Xinzhuang and Zhongshan North Road, have passed the on-site inspection by the regulatory authorities and become the first business departments to carry out IB business of stock index futures.
According to the requirements of the CSRC, brokers applying for IB business must wholly own or hold a futures company, or be controlled by the same institution as the futures company, and the futures company has the membership of a futures exchange that implements the member grading settlement system, and the risk supervision indicators for two months before the application date continue to meet the prescribed standards. Brokerage companies shall assist futures companies in opening accounts, but they shall not act as agents for futures trading, settlement or delivery, receive and pay futures deposits on behalf of futures companies and customers, or use securities capital accounts to access and transfer futures deposits for customers. In addition, brokers can only accept the entrustment of futures companies wholly owned or controlled by the same institution to engage in introduction business.
The deputy general manager of a brokerage futures company told this reporter that at present, the progress of the stock index futures account of futures companies is very slow, mainly because the threshold for opening an account is too high and the policy orientation is too strict. It is expected that after the launch of brokerage IB business, the account opening situation will not be particularly optimistic because of the high threshold, but it basically meets the expectations of the regulatory authorities.