What does it mean for Guotai Junan Securities Company to be IB?

Since many investors in stock index futures will come from existing stock investors, securities companies will also play an important role in the stock index futures market. As the policy stipulates that securities companies themselves cannot directly engage in stock index futures brokerage business, qualified securities companies can participate as commission merchant (IB), which provides intermediate services for futures companies to accept investors' entrustment to engage in stock index futures trading. Introducers can engage in some or all of the following intermediary services: 1 to attract investors to engage in stock index futures trading;

2. Assist in handling relevant account opening procedures;

3. It is convenient for investors to place orders for transactions;

4. Assist the futures company to send the notice of additional margin and the statement to investors;

5. Other businesses specified by China Securities Regulatory Commission. As an importer of stock index futures, securities companies are not allowed to handle futures margin business, and do not undertake the duties of agency, settlement and risk control of futures trading. That is to say, as stock index futures IB, securities companies introduce their clients to futures companies, become customers of futures companies, and charge them introduction commissions, but they can't contact customers' funds and don't settle investors' stock index futures transactions.