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What is futures?
Futures is a financial contract, including financial instruments or the sale of physical goods for future delivery (usually on a commodity exchange). A futures contract is a contract for buying and selling futures, and it is a proof that both parties agree to trade at a specific time.

Futures is a trading method that spans time. By signing a standardized contract (futures contract), the buyer and the seller agree to deliver a specified amount of spot at a specified time, price and other trading conditions. Usually, futures are traded on futures exchanges, but some futures contracts can be traded over the counter and over the counter.

Extended data:

Futures trading mode

1, manual bidding refers to the way that the trading representative gestures and shouts in the trading hall. Chicago CBOT is the most representative manual trading pool in the early days, and each variety is represented by day trading in the octagonal cascade.

2. Electronic trading refers to the trading mode that the market adopts the central computer trading system and automatically matches the sales contract or automatically matches the order according to the trading rules and the price and order. Traders can place orders in front of the approved computer system without squeezing into a specific space for manual bidding.

Baidu encyclopedia-futures