A futures brokerage company is an intermediary organization established according to law. It accepts the entrustment of customers, conducts futures trading for customers in its own name, and collects transaction fees according to the instructions of customers. The result of the transaction is borne by the customer.

Futures brokerage companies are the bridge and link between traders and futures exchanges. Its main functions in the futures market are: accepting the entrustment of customers, acting as an agent for futures trading, expanding the scope of market participants, expanding the market scale, saving transaction costs, improving transaction efficiency and enhancing the sufficiency of competition in the futures market; Provide professional consulting services to customers, act as trading consultants for customers, and help customers improve the efficiency and accuracy of trading decisions; Manage customer accounts and control customer transaction risks.

In China, a futures brokerage company is an enterprise legal person established according to the Company Law, the Provisional Regulations on the Administration of Futures Trading and the Measures for the Administration of Futures Brokerage Companies. To establish a futures brokerage company, in addition to the conditions stipulated in the Company Law, it must also meet the special conditions and requirements in terms of registered capital limit, qualifications of senior managers, qualifications of business personnel, brokerage business rules, financial accounting system, risk management, internal control system and business premises. The establishment of a futures brokerage company must be approved by the China Securities Regulatory Commission, obtain a futures brokerage business license, and go through the industrial and commercial registration with the State Administration for Industry and Commerce. Without the approval of the China Securities Regulatory Commission, no unit or individual may set up or set up a futures brokerage company in disguise.

A futures brokerage company may set up a business department according to its business needs with the approval of the China Securities Regulatory Commission and a business license of the business department. The business department does not have legal person status, and conducts business according to law within the scope authorized by the company, and its civil liability shall be borne by the futures brokerage company.

Futures brokerage companies vary in scale and organizational structure, but generally include finance department, customer service department, trading department, settlement department, spot delivery department, research and development department, administration department and other departments. According to the current regulations, futures brokerage companies can only act as agents for end customers, and cannot engage in self-operated business or act as agents for other futures brokerage companies.