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What does ib business mean?
Ib business refers to the business in which institutions or individuals act as intermediaries to introduce the recommendation of commission merchants to customers in need, so as to collect commissions from brokers in the middle. IB, the full name of which is introduction broker, originated in America. Usually, services provided by institutions can help commission merchants develop suitable customer groups. But for intermediaries, it is necessary to do a good job in risk management in the business process.

Employment requirements of IB

1. Financial institutions applying for IB business must meet the requirements of IB business within six months before the application;

2. The applicant institution must establish and improve business-related systems in accordance with relevant regulations, and be equipped with corresponding employees and technical systems with business qualifications;

3. The applicant institution must have the ownership or control right of the futures company, and the futures company also has the corresponding hierarchical member settlement system, and the risk control indicators for at least two months before the application meet the requirements;

4. In addition, other conditions stipulated by China Securities Regulatory Commission must be met.