1. A futures company refers to an intermediary organization established according to law, which accepts the entrustment of customers, conducts futures trading for customers in its own name according to their instructions, and collects trading fees, and the trading results are borne by customers.

2. Futures companies, like securities companies, are the bridge between investors and exchanges. Because the exchange adopts the membership system, only futures companies can become members, and non-members (that is, investors) cannot buy directly on the exchange. They can only open accounts in futures companies and trade with members of futures companies.