1, financial futures trading settlement qualification includes brokerage business qualification, but this qualification requires much higher hardware conditions, registered capital and working capital of futures companies than brokerage business qualification, that is to say, the amount of funds occupied is much higher.
2. Theoretically, after obtaining the qualification of transaction settlement, you can directly settle with the financial exchange, which saves the settlement cost through settlement members (special settlement members and comprehensive settlement members). But in fact, the settlement fee is very low, accounting for only a small part of the handling fee charged by traders, which is not cost-effective compared with the huge amount of money saved and occupied.
Therefore, at present, it is a short-sighted behavior for some futures companies to increase their registered capital and hardware investment by increasing capital and shares, so as to win the qualification of trading settlement. Later, it will be found that the input and return are out of proportion.
3. In fact, in order to qualify for trading settlement, it is better to directly apply for membership of full settlement, which can provide settlement services for other futures companies. However, judging from the current development trend, I am afraid that no futures company is willing to settle accounts through comprehensive settlement members, but prefers to settle accounts through settlement banks (special settlement members), which is usually done abroad (through special settlement companies).