Futures trading, the explanation in the book is that "in most cases, physical delivery is not carried out, but reverse trading is carried out before the contract expires." What is this?
Futures trading. The subject matter of the transaction is a standardized sales contract, that is, a contract. Not in kind. General traders do not make physical delivery. For example, you buy 1 multi-hand rebar 1605. Before the delivery date, the choice of hedging liquidation is equivalent to opening another empty order; Cancel each other. No need to pay the full amount, that is, 10 ton of rebar; Receiving goods at the same time.