problem description:

what is cutting goods? Which big brother can explain it in detail?

Analysis:

It's futures.

Futures correspond to the spot, which aims at a trading mode in which the buyers and sellers agree to deliver the goods on a certain date in the future at that time. This trading mode has been produced a long time ago, and the best futures trading object is agricultural products, and then it is extended to commodities suitable for bulk trading such as industrial products and mineral products. These futures are collectively referred to as commodity futures. The existing Zhengzhou China Commodity Exchange and Shanghai Metal Exchange in China belong to commodity futures. With the development of modern financial credit industry, foreign exchange, securities and other financial assets have entered the field of futures trading.

Futures trading takes contracts as the form of expression, so it is often called the buying and selling of futures contracts. Different from spot trading, futures trading generally pays a certain amount of margin according to the regulations of the exchange, and buys or sells futures contracts through open bidding in the exchange. This kind of futures contract is generally a standardized contract stipulated by the exchange, which includes the quality, specification, quantity, delivery time and place of the traded goods, and only the price is agreed by the buyer and the seller. Investors are generally not interested in physical delivery, and their purpose is to use the fluctuation of futures market prices to preserve value or make speculative profits. Therefore, futures trading generally does not involve the transfer of ownership of commodities or financial assets.