London International Financial Futures Exchange is an exchange established and registered according to 1986 Financial Services Law, and the organizational form of the exchange adopts membership system. By the end of 1987, * * had 26 1 members. Members include banks, stock and commodity brokers, dealers, discount companies, Eurobonds and individual members.

The board of directors is the highest management body, and the directors are elected by members. A newly applied member must be approved by the board of directors to become a full member. There are 373 seats in the exchange hall, and only exchange members have the right to have seats in the exchange hall. The London International Financial Futures Exchange stipulates that all transactions must be conducted on the floor. There are two kinds of members of the exchange, one is the floor trader, who trades for himself or the company, and the other is the floor broker, who trades exclusively for the OTC broker.

Transaction settlement is the responsibility of the international commodity clearing house. The clearing house adopts the membership system. Usually, clearing house members are also exchange members, but exchange members are not necessarily clearing members. In the latter case, members of the clearing house shall be entrusted to handle the settlement work.