1, futures, usually refers to futures contracts, is a contract. A standardized contract made by a futures exchange to deliver a certain amount of subject matter at a specific time and place in the future.

2. This subject matter, also known as the underlying asset, can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index. Futures trading is an inevitable product of the development of market economy to a certain stage.

Extended data:

1. Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.

2. The delivery date of futures can be one week later, one month later, three months later or even one year later.

3. A contract or agreement for buying and selling 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.

4. The background of China futures market is the reform of grain circulation system. With the cancellation of the policy of unified purchase and marketing of agricultural products and the liberalization of most agricultural products prices, the market is playing an increasingly important role in regulating the production, circulation and consumption of agricultural products.

5. The ups and downs of agricultural products prices, the undisclosed and distorted spot prices, the ups and downs of agricultural production, and the lack of value-preserving mechanism of grain enterprises have attracted the attention of leaders and scholars.

Baidu encyclopedia-futures trading

Baidu encyclopedia-futures