The futures market is a place for futures trading and the sum of all kinds of trading relationships. It is a highly organized and standardized market form developed on the basis of the spot market according to the principle of "openness, fairness and justice". It is not only an extension of the spot market, but also another advanced development stage of the market. From the organizational structure, the broad futures market includes futures exchanges, clearing houses or settlement companies, brokerage companies and futures traders; The narrow sense of futures market only refers to futures exchanges.

Composition of futures market

The futures market basically consists of four parts. That is, (1) futures exchange; (2) Futures settlement institutions. (3) Futures brokerage companies. (4) Reference for futures traders (including hedgers and speculators): www.ik68r.info