Case Analysis Of Futures Company Brokerage Business Transformation

In 1990 s,the formal establishment of Zhengzhou Grain Wholesale Market,marking the birth of futures market in China.After more than 20 years' exploration and development, China's futures industry has gradually become mature, and had a significant impact on the economic development of our country.In the process of the development of China's futures industry,as a pillar business,brokerage business create huge profits for futures companies.However, each futures company's business model is basically the same,the profit margins of the brokerage business are declining. Although the investment consultation business,assets management business,risk management business and other innovative business in China have been gradually advanced,most of futures companies still rely on traditional brokerage business as the single mode of profit.Traditional futures development mode is facing severe challenges,industry competition is becoming increasingly fierce.Now the futures market is facing the new period of brokerage business transformation.Futures companies are actively exploring and trying the business innovation and the road of transformation and upgrading.As the source of the overall development of the futures industry,the futures companies can survive in the fierce competition only by relying on the transformation and innovation of brokerage business, and promoting the healthy development of China's economy and finance better.In this context, firstly I analyzes the general situation of China's futures industry, combined with the futures company operating conditions, the industry income structure analysis,leading to the necessity of the transformation of China's futures industry brokerage business. Then I introduce the general situation, the current situation of the development of the brokerage business and the countermeasures to deal with the brokerage business of Founder Cifco Futures.Finally, I explain the problems and countermeasures in the process of the brokerage business transformation of Founder Cifco Futures combined with the generally bottleneck that futures brokerage business encounter,and to provide some reference for other futures company brokerage business transformation.