As commercial memristors are still unavailable in the market, mathematic models and emulators which can imitate the features of the memristor are meaningful for further research. In this paper, based on the analyses of characteristics of the q–? curve, an exponential flux-controlled model, which has the quality that its memductance (memristance) will keep monotonically increasing or decreasing unless the voltage’s polarity reverses (if not approach the boundaries), is constructed. A new approach to designing the floating emulator of the memristor is also proposed. This floating structure can flexibly meet various demands for the current through the memristor (especially the demand for a larger current). The simulations and experiments are presented to confirm the effectiveness of this model and its floating emulator.