Futures is the symmetry of spot, spot is a real commodity, and futures is just a financial contract. Futures trading is based on the contract or transaction records signed by both parties, and the delivery is made at a pre-agreed price after a certain period of time. Financial futures, on the other hand, are derivatives designed and operated by financial circles to avoid financial risks such as interest rate risk, exchange rate risk and index risk, and their functions are hedging and price discovery. %D%A Due to the leverage effect, there are huge risks in futures trading. In recent years, due to the deep involvement in futures trading and lax internal control, the financial industry has frequently suffered huge losses. Such as British Bahrain Bank, Japanese Daiwa Bank, China Everbright International Trust and Investment Company, Bank of China Qingdao Branch, Shanghai Wanguo Securities Company, etc. 1992, the Shanghai Stock Exchange launched the first and only financial futures product in China-treasury bond futures, but 1995, the state decided to suspend it. It can be seen that the financial futures market must be based on a highly developed, unified and completely liberalized financial spot market. %D%A traders help customers make investment products such as futures or stock foreign exchange.