Generally speaking, there are three conditions for applying for futures trading: first, you must be an economic and financial center city; Second, you should have the necessary hardware, such as computer facilities; Then you must have software requirements, such as talents and systems in all aspects.
There are two ways to establish it: one is membership system, which can be initiated by members; The other is the company system, which requires shareholders to contribute. For example, China Financial Futures Exchange was established by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange, each with a capital contribution of 654.38 billion yuan. All of them need the approval of the State Council Futures Regulatory Authority to be established!