Futures is a trading method that spans time. By signing a contract, the buyer and the seller agree to deliver a specific amount of spot at a specific time, price and other trading conditions. Usually, futures are concentrated in futures exchanges and traded through standardized contracts, but some futures contracts can be traded through OTC, which is called OTC contracts.

According to the types of subject matter, futures can be divided into commodity futures and financial futures. Commodity futures are usually some popular products such as cotton, soybean and oil, while financial futures are generally stocks and bonds. Investors can invest or speculate in futures.

The content of this article comes from People's Republic of China (PRC) Financial Code: Application Edition by China Law Publishing House.