What are the organizational forms of futures exchanges?
The organizational forms of futures exchanges are generally divided into membership system and company system. The former is a non-profit enterprise, funded by all members, and the membership fee paid is used as the registered capital, while the latter is funded by several shareholders for profit. In China, the big exchange, the last exchange and the Zheng exchange are all member futures exchanges, and only the company futures exchange.
In fact, the different organizational forms of the futures exchange mean that it will have different rights. Futures exchange is the place where futures contracts are bought and sold, and it is the core of the futures market. Their organizational form leads to their different value orientations.
The above are the main differences under different organizational forms of futures exchanges.
Therefore, the exchange is a financially independent for-profit institution, which realizes reasonable economic benefits, including membership fee income, transaction fee income, information service income and other income, on the basis of providing traders with an open, fair and just trading place and effective supervision services.