Core Viewpoint - The Futures Industry Association is seeking public feedback on the "Guidelines for Futures Companies to Publish Futures Research Reports (Draft for Comments)", which is expected to promote the development of futures trading consulting services centered on professional research [1][4]. Group 1: Current State of Futures Trading Consulting - Futures trading consulting has been a part of the industry since the early 1990s, initially providing basic market information and later becoming regulated in 1997 [2]. - Despite its long history, the revenue contribution from futures trading consulting remains low, fluctuating between 100 million to 180 million yuan annually from 2018 to 2022, totaling 717 million yuan over five years, which is only 0.065% of the total revenue of futures companies [3]. - The main challenges hindering the growth of futures trading consulting include significant service homogenization, a shortage of professional talent, and low client willingness to pay [3][6]. Group 2: Challenges and Pain Points - The industry faces three major pain points: the obvious homogenization of services, a lack of qualified professionals, and low client payment willingness [3][6]. - The mismatch between the services offered by futures companies and the diverse needs of clients, particularly in risk management, has led to a situation where consulting services are often seen as secondary to brokerage services [3][6]. - The high risk associated with futures and derivatives requires a high level of professionalism and compliance, which deters many companies from engaging in this business [3][6]. Group 3: Future Directions and Opportunities - The introduction of the guidelines is expected to clarify compliance boundaries and activate professional service capabilities, allowing futures companies to innovate within a regulated framework [5][6]. - The guidelines will help establish a clear distinction between public and private services, creating a conducive environment for charging for research services [5][6]. - Futures companies are encouraged to focus on professional capabilities and compliance systems, develop personalized services, and enhance the quality of consulting services to meet the evolving needs of the market [6][7]. Group 4: Talent Development and Integration - The cultivation of professionals who understand both futures and spot markets is crucial for the success of futures trading consulting [7]. - Companies are advised to adopt a model similar to foreign Commodity Trading Advisors (CTAs) to integrate consulting, asset management, and risk management services into a cohesive service loop [7]. - The future of futures trading consulting lies in closely aligning it with risk management and asset management to transform high-quality research into tangible products and profits [7].