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Auction is a kind of futures trading, right?
International auction belongs to futures trading. Futures are the subject matter of present trading and future delivery. This subject matter can be gold, crude oil, agricultural products, financial instruments, financial indicators and other commodities. Auction is an auction house specializing in auction business. Entrusted by the owner, according to certain articles of association and rules, it shows the items to be auctioned to the buyer at a specified time and place.