Refers to futures, options, swaps and other markets relative to the derivatives market. Currency, bonds or stocks traded in the spot market are the basis of derivatives. In the foreign exchange and bond markets, the spot market refers to the transaction of debt instruments (such as bills, bonds and bank acceptance bills) with a maturity of about 12 months.

The futures market in a broad sense includes futures exchanges, clearing houses or settlement companies, brokerage companies and futures traders; In a narrow sense

Futures market [1]

The futures market only refers to the futures exchange. The futures exchange is the place to buy and sell futures contracts and the core of the futures market. A mature futures market is equivalent to a completely competitive market to a certain extent, and it is the most ideal market form in economics. Therefore, the futures market is considered to be a higher-level market organization form and an inevitable product of the development of the market economy to a certain stage. The futures market is a place where both parties do not deliver immediately after reaching an agreement or transaction, but deliver in a certain period of time in the future.

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