A futures company refers to an intermediary organization established according to law, which accepts the entrustment of customers, conducts futures trading for customers in its own name according to their instructions, and collects trading fees, and the trading results are borne by customers. Futures companies are the bridge between traders and futures exchanges. Futures traders are the main body of the futures market, and it is precisely because futures traders have the demand for hedging or speculative profits that they promote the emergence and development of the futures market. Although every trader wants to trade directly in the futures market, due to the high risk of futures trading, it is decided that the futures exchange must formulate a strict membership trading system, and non-members are not allowed to enter the market for trading. Therefore, there is a contradiction between strict membership trading system and attracting more traders and expanding the market scale.

Article 242 of the Contract Law of People's Republic of China (PRC) stipulates: "An intermediary contract is a contract in which the intermediary reports the opportunity to conclude a contract to the client or provides media services for concluding a contract, and the client pays the remuneration." Article 10 of the Supreme People's Court's Provisions on Several Issues Concerning the Trial of Futures Disputes, which came into effect in July 2003, stipulates: "If a citizen or a legal person is entrusted by a futures company or a customer to provide intermediary services for signing a contract or signing a futures brokerage contract, the futures company or the customer shall pay remuneration to the intermediary as agreed. The intermediary shall independently bear the civil liability arising from the intermediary brokerage relationship. " This is the basic legal connotation of futures intermediaries. Its intermediary behavior refers to reporting the information of concluding a contract or providing media services for concluding a contract. However, in the actual futures market, futures brokers not only do intermediary introduction, but also engage in futures trading activities including investment consulting and trading agency. Its legal responsibility is mainly manifested in that the futures broker shall truthfully report the true situation of both parties and the relevant matters concerning the conclusion of the brokerage contract, and shall not conceal it. Otherwise, if the principal's interests are harmed by deliberately concealing important facts related to the conclusion of the contract or providing false information, he shall not only have the right to demand payment from the principal, but also be liable for damages.