Interest rate futures The so-called interest rate futures refer to futures contracts with bond securities as the subject matter, which can avoid the risk of securities price changes caused by bank interest rate fluctuations. There are many kinds of interest rate futures, and there are also many classification methods. Generally speaking, interest rate futures can be divided into short-term interest rate futures and long-term interest rate futures according to the term of the subject matter of the contract. Foreign exchange futures is a standardized contract transaction, in which both parties agree to exchange one currency for another at a certain time in the future according to the agreed ratio. Refers to futures contracts with exchange rate as the subject matter, which are used to avoid exchange rate risks. It is the earliest variety in financial futures. Since the first foreign exchange futures contract was launched by the International Money Market Department of the Chicago Mercantile Exchange 1972 in May, with the development of international trade and the acceleration of world economic integration, forex futures trading has maintained a vigorous development momentum. It not only provides effective hedging tools for investors, financial institutions and other economic entities, but also provides new profit-making means for arbitrageurs and speculators. Currency futures Currency futures, also known as foreign exchange futures, are futures contracts that take exchange rates as the subject matter and avoid exchange rate risks. Stock Index Futures is the full name of stock price index futures, which can also be called stock index futures and futures index. It refers to the standardized futures contract with the stock index as the subject matter. The two sides agreed that on a specific date in the future, they can buy and sell the underlying index according to the size of the stock index determined in advance. As a type of futures trading, stock index futures trading has basically the same characteristics and processes as ordinary commodity futures trading.