What is a futures company and what does a futures company do? There will be many investors trading stock index futures, so it is naturally impossible for them to directly enter CICC for trading. Most investors trade through futures companies. Therefore, the futures company is actually the intermediary of stock index futures trading. Of course, when a futures company accepts a client's entrustment to trade for investors, it will charge a certain transaction fee to the trader. As a broker member of the futures exchange, the main functions of the futures company are: (1) buying and selling stock index futures contracts according to customers' instructions and handling settlement and delivery procedures; (2) Manage customer accounts and control customer transaction risks; (three) to provide customers with information on the stock index futures market, to conduct trading consulting, and to act as trading consultants for customers. The role of futures companies in the stock index futures market is mainly reflected in the following aspects: (1) Futures companies accept the entrustment of customers to engage in stock index futures trading, which expands the scope of market participants, expands the market scale, saves transaction costs, improves transaction efficiency, enhances the sufficiency of competition in the stock index futures market, and helps to form authoritative and effective futures prices; (2) Futures companies have personnel specializing in information collection and market analysis to provide consulting services to customers, which is helpful to improve the efficiency and accuracy of customer trading decisions; (3) Futures companies have a strict risk control system, which can effectively control the trading risks of customers and realize the decentralized commitment of futures trading risks in all aspects.