1, the trigger conditions are different: the compulsory liquidation system in the securities market is generally aimed at the stock market. When the funds in the investor's stock account are insufficient to meet the requirements of the deposit or collateral required by the exchange, the exchange will force the liquidation. The compulsory liquidation system in the futures market is aimed at futures contracts. When the funds in the investor's futures account are insufficient to meet the maintenance margin required by the exchange, the exchange will force the liquidation.

2. Different liquidation methods: The forced liquidation in the securities market generally refers to the forced selling of stocks held by investors to make up for the fund gap in the account. Forced liquidation in the futures market refers to the forced liquidation of futures contracts held by investors to make up for the funding gap in the account.

3. Different scope of influence: Generally, the forced liquidation of the securities market will only be carried out for a single stock account of investors and will not affect other accounts. The compulsory liquidation of the futures market is generally carried out by the exchange. Once the Exchange decides to start compulsory liquidation, all investors holding the same contract will be liquidated.