Futures is a derivative financial contract, which requires both parties to trade assets at a predetermined future date and price. In this case, the buyer must buy or the seller must sell the underlying assets at a set price, regardless of the current market price on the maturity date.

Basic assets include physical objects or other financial instruments. Futures contracts specify the number of underlying assets and standardize them to facilitate transactions in the market; Futures exchange. Futures can be used for hedging or trading speculation.

& futures contracts; Futures &; Quote the same content. For example, you may hear someone say that they bought oil futures, which has the same meaning as oil futures contracts. When people say futures contracts, they usually mean specific types of futures, such as oil, gold, bonds or S&P 500 index futures. Futures contracts are also one of the most direct ways to invest in oil. The term "futures" is more general and usually refers to the whole market, such as "they are futures traders";

Unlike forward contracts, futures contracts are standardized. Similar agreement types lock the current futures price, but the forward is an over-the-counter transaction, which can be traded, and the terms can be customized between counterparties. On the other hand, no matter who the counterparty is, the terms of the futures contract are the same.