IB is the abbreviation of English introduction broker, which means introduction broker.

As an introduction broker of stock index futures, securities companies can introduce futures companies to investors, provide investors with futures knowledge training, make risk statements to investors, assist futures companies to sign futures brokerage contracts with investors, provide convenience for investors to carry out futures trading, assist futures companies to send additional margin notices to investors, and futures companies pay commissions to IB. However, IB is not allowed to accept investors' deposits and engage in futures brokerage business in disguise. Investors still need to invest in stock index futures through futures companies.

2. Business process

A few days ago, the Interim Measures for the Administration of Securities Companies Providing Intermediary Services for Futures Companies promulgated by the China Securities Regulatory Commission stipulated that securities companies can only complete IB business through wholly-owned or controlled futures companies. From this point of view, the futures company controlled by the securities company is essentially a functional department of the securities company, and only for the need of risk isolation, it adopts the way of "corporatization of functional departments". According to this spirit, the author thinks that the focus of IB business process is how to prevent risks. Only by combining the business characteristics of futures industry can IB futures business process be designed to ensure compliance and orderly business development.