What is the proprietary business of stock index futures? What about the fund settlement of the futures company exchange? What is the profit model of fund settlement business?
Self-operated futures companies participate in the transaction themselves. The fund settlement of the futures company exchange is the daily debt-free settlement at the close of each trading day. The fund settlement business itself has no profit model. Only after the stock index futures come out can IB business (the first-level agent charges a certain agency fee to the second-level agent) make money and make a profit model.