(1) Commercial dealers, including financial institutions such as securities companies and commercial banks, as well as pension funds, insurance companies and enterprises. Its purpose is to avoid the risks brought by interest rate and price changes.

② Non-commercial traders include futures traders, investment trustees and individual investors in the futures market. The main purpose is speculation. In the futures market, except the price, other trading conditions are standardized or scaled. The transaction price is determined by the public auction of the exchange. Participants in the transaction can freely find the object for sale before the transaction begins, but the transaction method can only be public auction, otherwise it will be invalid.

The composition and trading direction of the financial futures market are shown in the figure below.