Foreign exchange futures refers to the foreign exchange delivery method in which buyers and sellers trade at the agreed exchange rate within the expiration date stipulated in the contract according to regulations. After the futures exchange closes the transaction by open outcry, the buyer and the seller promise to deliver a certain standard amount of foreign currency at the current agreed price on a specific date in the future, that is, the contract signed by the buyer and the seller according to the agreed quantity, price and delivery date.

China's foreign exchange futures products will be divided into RMB exchange rate futures and cross exchange rate futures. The so-called cross exchange rate refers to the exchange rate between two foreign currencies, and cross exchange rate futures refer to futures with the exchange rate between foreign currencies as the target. CICC chose Euro/USD and AUD/USD as its target, because they are the main cross exchange rate trading currencies in the domestic market.

The difference between foreign exchange margin and foreign exchange futures. Foreign exchange margin trading can also be called spot foreign exchange margin trading, which belongs to spot trading. It has both similarities and differences with forex futures trading.