Futures contract trading, also known as futures contract trading, is one of the most common derivative financial transactions in the modern market. Trading of futures contracts in a futures exchange according to certain rules and regulations. It originated from futures trading of agricultural products. Modern futures trading in the true sense is marked by the establishment of the Chicago Board of Trade 1848. Since then, various commodity exchanges have been established, and more and more commodities are traded in the futures market. In the 1970s, financial futures rose suddenly, and its scope expanded to stocks, bonds and foreign exchange.

The main characteristics of futures trading are as follows: ① Trading and delivery are not synchronized. This is the same as forward trading. ② Contract standardization. Futures contracts have standardized quantity, quality regulations and delivery date. , easy to trade. (3) Transactions are concentrated in the exchange and conducted in a fair competition manner. (4) When the goods are delivered, they can be offset by liquidation, and only a small part is delivered in kind. ⑤ Trading can be used by investors as hedging and speculators as a tool to earn speculative profits.