Holland. The tulip futures market in the Netherlands is one of the earliest financial futures markets. Tulip futures contracts allow investors to buy tulips at a fixed price in the future. This market reached the peak of prosperity on 1636, but it soon collapsed, leading to the collapse of tulip bubble in the Netherlands. Nevertheless, this event is considered to be one of the origins of the financial futures market. The modern financial futures market developed in the 20th century and has been widely used in the world.