The net retention of futures refers to the remaining part of the commission charged by customers MINUS the commission paid to the exchange, that is, the net retention commission. For example, the handling fee for a customer to open a primary crude oil futures is 2 1 yuan, and the exchange fee is 20 yuan, so the customer's net retention fee is 2 1-20 = 1 yuan.
Exchange return means that the transaction fees charged by the futures exchange to customers are returned to the futures company in proportion, and the futures company returns them to customers or intermediaries in proportion agreed with them. Take the above crude oil futures trading as an example. The handling fee charged by the exchange is 20 yuan, and the exchange will return it to the futures company at a rate of 60% (the return rate will change every month). The refund amount received by the futures company =20*60%= 12 yuan. The customer or brokerage firm has agreed with the futures company on the return ratio of 80% (the ratio needs to be negotiated with the futures company, and the highest can reach 93%), that is, the return amount received by the customer or brokerage firm = 12*80%=9.6 yuan.
The return income of intermediaries is mainly reflected in two parts: one is the commission charged by futures companies, that is, the net retention, and the other is the commission returned by futures exchanges. Income of futures brokers = total transaction fees generated by clients developed by brokers * brokerage commission ratio. Intermediate customer transaction fee = number of customers * average transaction amount of customers * rate.