It's winter in the futures industry, and the handling fee for a single business is extremely low, and the competition is great. Almost all futures companies are losing money, and they are losing money to provide services to customers. Where did you hear that the futures industry is a sunrise industry? Follow-up: But it is reported that the profit of CITIC Futures has exceeded 200 million. Securities companies all make money in futures companies. Answer: That refers to the profits under the seats of futures companies, that is, the profits of futures investors. Futures companies only earn commissions, which are pitifully low. The exchange made a lot of money. Among the five expenses, 4.8 yuan comes from the exchange, and 20 cents is the living expenses and software use fees of futures companies and brokers. Follow-up: What about CITIC Futures? It is said to be a leader in the industry. Recently, I received an offer from the IT R&D department of the headquarters: people in the futures industry are almost the same. Surviving is a big challenge. See if you like this industry. Citic people are backed by big trees. In addition, the relationship between its R&D and futures itself is not particularly great.