At present, China's domestic futures exchanges can engage in commodity brokerage business according to law, but to engage in financial futures brokerage business and overseas futures brokerage business, investors must pay attention to whether futures companies meet their own needs when choosing investments.
Extended data
The traditional sale of goods is to obtain the subject matter of the contract as the transaction purpose. In futures trading, although investors who buy contracts can't close their positions when the contracts expire, they have to collect the goods represented by the contracts.
Traders who sell contracts are obliged to deliver if they cannot close their positions before the contract expires. Although there is also physical delivery in futures trading, this phenomenon is rare. Generally speaking, only about 2-3% of contracts need to complete the transaction by actually delivering the goods.
In futures trading, due to the frequent reversal of contracts, the turnover of commodities is often astronomical, which greatly exceeds the circulation of the spot market. It is impossible to understand this phenomenon from the perspective of traditional commodity trading.