Financial futures trading is the act of buying, selling or transferring financial futures contracts. A kind of futures trading. Financial futures trading must be carried out in the exchange, and buyers and sellers must entrust brokers to trade in the lobby of the futures exchange with the help of modern electronic communication systems. The characteristics of financial futures trading are as follows: ① The subject matter of the transaction is a specific financial asset. (2) In the form of tangible market, traders must obtain the membership of futures exchange to enter the market. (3) Strict margin system shall be implemented to ensure safe and reliable transactions. ④ Standardization of transaction contract contents. ⑤ The delivery of the transaction subject matter must be carried out through a special clearing institution. ⑥ The delivery time is a special date in the future, but the exchange must settle the book profit and loss daily, and urge those with insufficient margin to make up the funds quickly. ⑦ There are many traders and strong market liquidity. Commercial banks, securities institutions, investment funds, non-financial industrial and commercial enterprises, and even local governments and individual investors can participate in the transaction. Nowadays, when the goods are actually delivered, sales receipts and payments rarely receive the goods, and most of them are settled in cash through the clearing center. Like general futures trading, the basic function of financial futures trading is to avoid risks and find prices. However, financial futures trading is more speculative than general futures trading because the object of financial futures trading is futures contracts without physical financial assets and its financial leverage ratio is large.