What's the difference between a membership futures exchange and a corporate futures exchange?
1 has a different organizational structure.
The membership-based futures exchange consists of all members of the exchange, and its permanent institutions are the general meeting of members, the board of directors, special committees, management and business management departments. Corporate futures trading consists of all shareholders, and its permanent institutions are shareholders' meeting, board of directors, board of supervisors and senior managers.
Is it for profit?
Company-based futures exchanges usually aim at profit, and will charge a certain fee through on-site transactions, while membership-based futures exchanges do not aim at profit.
Three different applicable laws
The relevant provisions of the civil law shall apply to the membership futures exchange; The provisions of the company law shall apply to the company-based futures exchange, and the general provisions of the civil law shall apply only if there are no provisions in the company law.
Four different decision-making bodies
The authority of the membership-based futures exchange is the general meeting of members, and the authority of the company's futures delivery is the general meeting of shareholders. The permanent authority of the membership futures exchange is the board of directors, and the permanent authority of the corporate futures exchange is the board of directors.
From the point of view, although there are many differences between the two types of transactions, in the final analysis, the futures exchange is a place to provide transactions and related supporting services. If you want to use the trading facilities provided by the exchange, you must first obtain membership.