A futures exchange is a place that specializes in trading standardized futures contracts. In accordance with the provisions of its articles of association, it implements self-discipline management and bears civil liability with all its property. Under the condition of modern market economy, the futures exchange is a highly systematic, rigorous, highly organized and standardized trading service institution. It does not participate in trading activities, the formation of futures prices, nor does it own goods bound by contracts, but only provides facilities and services for futures trading.