An exchange has issued a notice of fee reduction and exemption, claiming to return 30% of the exchange fee, but it is stipulated that it cannot be returned to customers, and the full amount will be transferred to the futures company's own fund account and included in the company's financial income.

Domestic futures exchanges have implemented a series of measures to curb excessive trading, including canceling the increase in margin, preferential handling fees, launching large contracts, and limiting the number of open positions. These measures have a great impact on futures companies, and their operating profits have fallen sharply. In the first three quarters, the trading volume of China futures market decreased by 30% year-on-year.

With the return of handling fees, the exchange may further reduce the margin and open the number of positions held by trading members in the later period, which will have a positive impact on improving the income of futures companies, increasing trading volume and enhancing the enthusiasm of investors.

Although the regulatory authorities said that they could not "return the commission" to customers, some speculators would still ask the futures companies to return it. In order to retain customers, some futures companies have to promise customers a "commission rebate" in the form of consulting fees and labor fees. Under the layers of exploitation, futures companies can get few practical benefits.

Among customers, speculators are the most powerful. Generally speaking, the exchange returns 30% of the handling fee to the futures company, while the' speculators' take 27%, leaving only 3% for the futures company. After deducting the business tax, there is not much. In addition, many intermediaries also want to' rebate'.