Article 242 of the Contract Law of People's Republic of China (PRC) stipulates: "An intermediary contract is a contract in which the intermediary reports the opportunity to conclude a contract to the client or provides media services for concluding a contract, and the client pays the remuneration." Article 10 of the Supreme People's Court's Provisions on Several Issues Concerning the Trial of Futures Disputes, which came into effect in July 2003, stipulates: "If a citizen or a legal person is entrusted by a futures company or a customer to provide intermediary services for signing a contract or signing a futures brokerage contract, the futures company or the customer shall pay remuneration to the intermediary as agreed. The intermediary shall independently bear the civil liability arising from the intermediary brokerage relationship. " This is the basic legal connotation of futures intermediaries.

Its intermediary behavior refers to reporting the information of concluding a contract or providing media services for concluding a contract. However, in the actual futures market, futures brokers not only do intermediary introduction, but also engage in futures trading activities including investment consulting and trading agency.

Its legal responsibility is mainly manifested in that the futures broker shall truthfully report the true situation of both parties and the relevant matters concerning the conclusion of the brokerage contract, and shall not conceal it. Otherwise, if the principal's interests are harmed by deliberately concealing important facts related to the conclusion of the contract or providing false information, he shall not only have the right to demand payment from the principal, but also be liable for damages.