Introduction of futures companies
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.