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  来源:期货日报

  据中期协统计,截至2025年3月底,12813名居间人在中期协完成系统登记,其中4417名居间人处于合同存续期,较2024年12月底减少650名,减幅12.83%。

  业内人士表示,近年来,监管层对期货居间人的违规行为保持高压态势。2021年9月《期货公司居间人管理办法(试行)》出台至今,国内居间人相关制度以及期货公司在居间人方面的管理越发完善,确保了居间业务的合规稳健开展。

  2024年10月,中期协就《期货公司居间人管理办法(征求意见稿)》(下称《办法》)公开征求意见,进一步明确规范了期货居间人管理要求,并完善了居间人退出机制。《办法》明确提出,对于合同存续期内的居间人,如不符合规定,期货公司应在过渡期内完成报酬约定、合同解除、客户调整等相关善后工作。

  据不完全统计,2024年以来,已有至少10家期货公司因居间业务问题领到罚单。从居间人数据来看,截至2024年年底,12703名居间人在协会完成系统登记,其中5067名居间人处于合同存续期,较2023年同期减少24.78%。

  据了解,期货居间人数量近5年显著缩减。某期货公司广州分公司负责人向记者介绍,其所在公司的居间人数量从2020年的100多人减少到今年的不到50人。还有部分期货公司负责人告诉期货日报记者,目前公司已经彻底取消了居间业务。

  其实,多年来期货市场居间业务一直存在争议。期货市场发展早期,居间人凭借自身的资源与网络优势,向期货公司推介客户,进而扩大了期货市场的影响力。随着监管政策的逐步健全,居间人的行为受到更为严格的约束,居间业务在期货公司业务中的占比明显下降。

  在行业人士看来,监管加强对居间人的资质条件以及业务介绍活动设定了更为严格的标准,增强了居间人的合规意识,也起到了筛选居间人、优化居间人业务的作用。

  “从管理主体责任来看,近几年公司在居间人选择上更加审慎。”浙商期货董事长胡军告诉记者,公司一直持续加强对居间人的合规管理。一方面,公司完善了居间人管理制度体系,构建了相对完备的监测与评估跟踪机制。另一方面,公司也很重视居间人的培训工作,加大培训力度,确保居间业务的稳健、合规开展。她认为,期货居间人规模缩减,是行业规范发展和市场自我调整的必然结果。

  业内人士表示,近年来,国内期货市场对居间人监管持续强化,其核心意义在于规范市场秩序、防范金融风险及保护投资者权益。2021年《期货公司居间人管理办法》的出台,标志着监管从“粗放式”向“精细化”转型,对行业长远发展影响深远。一是遏制乱象,净化市场环境。二是倒逼期货公司优化服务模式。三是筑牢风险防线,维护市场公信力。当前,严监管并非限制发展,而是引导行业从“规模扩张”转向“高质量发展”。随着居间人业务透明化、规范化,期货市场服务实体经济的功能将进一步显现。

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