According to the requirements of the Measures, futures brokers are required to hold relevant certificates, obtain qualification certificates of futures practitioners and complete training courses required by China Futures Association. The threshold has been raised, and a number of brokers will be eliminated.

Article 39 of Chapter VII of the Measures mainly includes six contents, including defining the conditions for futures companies to carry out intermediary cooperation, regulating intermediary remuneration and other necessary provisions, aiming at clarifying the boundaries of intermediary cooperation by standardizing the relationship among futures companies, intermediaries and investors. It is clear that intermediaries can sign intermediary contracts with no more than three futures companies at the same time.

Related introduction

Intermediary, also known as middleman, refers to the institutions and natural persons entrusted by futures companies to provide intermediary services for futures companies to conclude futures brokerage contracts, and independently bear civil liabilities arising from intermediary services, and the futures companies pay them remuneration according to the agreement.

Intermediaries emerged with the birth of China's futures industry, and they are important participants in the futures market. Intermediary remuneration comes from the handling fee generated by intermediary agencies for futures companies to introduce customers to participate in futures trading, and intermediary activities have become a key part of this kind of futures brokerage business.