Non-futures company members and customers are two important concepts in futures trading. First of all, non-futures company settlement mainly involves two types:

1. Non-futures company settlement members: These are usually banks, which serve futures companies by providing fund guarantees, collecting settlement fees, and assuming settlement risks. . Banks with certain financial strength can apply to become clearing members of the exchange, but they themselves do not directly participate in futures trading and mainly serve the business of futures companies.

2. Non-futures company clearing members (proprietary members): This includes investment funds, investment companies, etc., which can only engage in proprietary trading on the exchange, that is, buying and selling futures based on their own judgment and strategies. , cannot act as a broker for transactions on behalf of others, and such members usually settle directly with the exchange.

On the other hand, futures companies play a vital role as intermediaries. They are the bridge between customers and futures exchanges. They accept customer entrustments, buy and sell futures contracts according to customer instructions, conduct settlement and delivery, manage customer accounts, and control transaction risks. Futures companies also provide market information, consulting and trading advisory services to help customers make decisions.

However, the strict member trading system is established by the futures market to control risks. It requires non-futures company members and customers to abide by this regulation and cannot directly participate in transactions. This limits the attractiveness of the market to a certain extent and leads to the balance between the membership system and attracting more traders and expanding the market size. But this system ensures market stability and investor safety.