1. The delivery date of futures can be one week later, one month later, three months later or even one year later. A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures. Most people think that improper speculation in futures, such as short selling without goods, will lead to financial market turmoil, which is not correct. Going long and shorting at the same time is a healthy and normal trading market. The standardized contract made by the futures exchange stipulates that a certain quantity and quality of the subject matter will be delivered at a specific time and place in the future. Futures commission: equivalent to the commission in the stock. For stocks, the expenses of stock trading include stamp duty, commission and transfer fees. Relatively speaking, the cost of engaging in futures trading is only the handling fee. Futures commission refers to the fees paid by futures traders according to a certain proportion of the total contract value after the transaction.
2. Futures settlement: refers to the settlement of the trading profits and losses of both parties according to the settlement price announced by the futures exchange. Futures delivery: refers to the process that when a futures contract expires, according to the rules and procedures of the futures exchange, both parties to the transaction transfer the ownership of the goods contained in the futures contract and finally settle the contract at the end of the period. The main characteristics of futures: the commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of futures contracts are established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies. Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading. The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed. Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.