Ib business refers to a business model in which an institution or individual accepts the entrustment of a commission merchant, introduces customers to the commission merchant, and collects a certain commission. IB business of securities companies refers to the business that securities companies are entrusted by brokers to introduce customers to brokers. IB system originated from the United States, and has been widely promoted in countries and regions with developed financial futures trading (United States, Britain, South Korea, Taiwan Province Province, etc.). ) and successfully applied a wide range of ideas.

The introduction broker IB can be an institution or an individual, but it generally exists in the form of an institution. You can develop customers and accept futures option orders, but you can't accept customers' funds, and you must settle through FCM (futures commission agent, similar to futures brokerage company). IB is divided into independent practicing IB(IIB) and FCM-guaranteed IB(GIB). IIB must maintain minimum capital requirements and keep books and transaction records. GIB signed a guarantee agreement with FCM, exempting IB from the statutory requirements for capital and records. The branches and business outlets of futures brokerage companies in various places are quite similar to GIB.

Extended data:

Ib business requirements

Securities companies must meet the corresponding qualification conditions to carry out IB business.

1, 6 months before the date of application, all risk control indicators meet the prescribed standards;

2. A third-party depository system for customer transaction settlement funds has been established as required;

3. A wholly-owned or holding futures company, or under the control of the same institution as the futures company, and the futures company has the membership of a futures exchange that implements the member grading settlement system, and the risk supervision indicators in the two months before the application date continue to meet the prescribed standards;

4, equipped with the necessary business personnel, the company has at least 5 people, and the business department that plans to carry out IB business has at least 2 business personnel with futures practitioners' qualifications;

5. Business rules, internal control, risk isolation and compliance inspection systems related to intermediary business have been established and improved as required;

6. Having a technical system to meet business needs;

7. Other conditions stipulated by China Securities Regulatory Commission according to the principles of market development and prudent supervision.

Baidu encyclopedia -IB business