There are the following differences between the Treaty on Conventional Armed Forces in Europe and CFB:
1. Different business scope: CFE focuses on financial futures trading, including stock futures, treasury bonds futures and bond futures. CFB provides comprehensive financial services, including securities brokerage, asset management and investment banking.
2. Different authorities: CFE is an exchange directly supervised by China Securities Regulatory Commission, a financial regulator, and supervised by China Securities Regulatory Commission. CFB is one of the market participants, and like other securities companies, it is supervised by China Securities Regulatory Commission.
3. Different trading objects: CFE trades financial derivatives, such as stock index futures, while CFB trades actual financial products, such as stocks and bonds.
4. Different business models: CFE operates the market of the exchange and provides professional trading platforms and settlement services; CFB is a securities company that provides financial services to customers through brokerage, underwriting and financing.
It should be noted that the above is a general description of CFE and CFB, and the specific situation may also be affected by laws, regulations and market environment. It is suggested to consult the relevant laws and regulations and the actual situation to obtain more accurate information.