-Futures dealers. This kind is a company broker, and the current domestic futures brokerage companies are equivalent to it.
-commodity trading consultant (CTA). This kind of person is a natural person who directly or indirectly provides advice to others on whether to buy or sell futures or option contracts for the purpose of charging or making profits. CTA is an independent trading broker, with legal person status and its own business premises or office space. You can accept the entrustment of customers, directly charge customers fees or share profits as agreed. However, the funds received from customers must be deposited in the customer's account in the name of the futures commission merchant. Of course, certified tax agents must abide by a series of rules of CFTC. Compared with our previous futures brokers, it is very different. For example, the remuneration of our brokers often comes from the brokerage commission, which has nothing to do with business performance and has great defects in the benefit distribution mechanism.
-Commodity Joint Venture Fund Manager (CPO). These are individuals and organizations that organize and manage commodity joint venture funds. For example, attract customers' funds to join the fund and hire CTA to conduct transactions. According to the regulations, commodity joint venture fund managers who raise more than 200,000 US dollars or have more than 65,438+05 partners must register.
-floor broker (FB). This kind of personnel is equivalent to the market representative (commonly known as red vest) of China's futures companies stationed in the exchange to trade on behalf of the company. But in the United States, floor brokers can be independent, that is, they are not necessarily affiliated with a futures company. Some of them are members of the exchange, trading only for their own accounts, and these people do not need to register. However, if transactions are conducted on behalf of customers, they must be registered.
-Introduce brokers (IB). There are two kinds of brokers, namely, independent recommendation brokers and recommendation brokers guaranteed by futures companies. An introduction broker can be an individual or an institution. They seek or accept instructions from customers, but they don't accept money or other assets from customers. At the time of registration, the requirements for independent recommendation brokers are higher than those for guaranteed recommendation brokers.
-related personnel (AP). The meaning of related person is quite broad. It can include all personnel related to futures business and trading activities, as well as those who have supervision over the above personnel. It is somewhat similar to domestic futures practitioners.
Anyone who wants to work in the market (including employees of FCM, CPO and CTA) must pass the National Commodity Futures Examination (Series 3); Branch executives are required to take the qualification examination for branch executives (series 30).
At present, China is unable to obtain this qualification. It is said that a company in Shenzhen is considering introducing, but there is no final result.