Core Viewpoint - The "Huo Lifang" platform developed by Zhejiang Merchants Futures has achieved full online integration of spot and futures business processes, addressing key industry pain points and marking a significant breakthrough in the management of the commodity supply chain [1][2]. Group 1: Platform Features - "Huo Lifang" is the first self-developed integrated management system for spot and futures business in the futures industry, featuring three main functional modules: lifecycle management for the spot side, an intelligent settlement center for the futures side, and a multi-template risk control system [2]. - The platform enhances operational efficiency, reduces costs, and optimizes customer experience by creating a closed-loop operation covering the entire supply chain of commodities [2]. - It utilizes a new generation of streaming processing system that integrates AI, allowing for real-time settlement and multi-dimensional risk control capabilities [1][2]. Group 2: Market Impact - Currently, "Huo Lifang" manages approximately 22 billion yuan in risk business and is expected to serve thousands of commodity-related enterprises, with a market scale exceeding one trillion yuan [3]. - The platform aims to provide a one-stop digital management solution covering the entire lifecycle of goods, helping enterprises tackle challenges and unlock management value from the integration of spot and futures [3]. - Future plans include deepening collaboration with futures risk subsidiaries, commodity trading companies, and supply chain service providers, leveraging the advantages of Zhejiang's commodity industry cluster to build a transparent and efficient market ecosystem [3].