Introductory brokers: Introductory brokers are similar to domestic futures brokers, which can be institutions or individuals, and most of them are institutions. It refers to a business model in which a securities company, as an introduction broker or futures trading assistant of a futures company, helps the futures company attract customers, helps the futures company to open accounts for customers, accepts orders from customers and delivers them to the futures company for execution.

The referral broker may engage in some or all of the following intermediary services:

1, attracting investors to engage in stock index futures trading;

2. Assist in handling relevant account opening procedures;

3. It is convenient for investors to place orders for transactions;

4. Assist the futures company to send the notice of additional margin and the statement to investors;

5. Other businesses specified by China Securities Regulatory Commission.

Extended data:

IB generally has two forms:

1. Guarantee introduction broker.

If an IB signs a letter of guarantee with a futures brokerage company, and the futures brokerage company agrees to guarantee IB's obligations under the Commodity Exchange Law, then IB will become the recommendation broker for the futures company's guarantee. In the United States, about 70% of the recommended brokers are GIBs, and the guaranteed recommended brokers can only introduce customers to one futures company.

2. Unsecured broker introduction

Unsecured referral brokers, also known as independent referral brokers (IIB), account for about 30% of the referral brokers in the United States. An independent referral broker can introduce customers to several futures companies.

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