The meaning of futures rights includes: ① The subject of futures rights has the right to conduct certain futures activities according to his own will and restrain certain behaviors of others within the scope stipulated in the Futures Law. For example, the CFTC of the United States prohibits all transactions that are not openly competitive, such as booking transactions, false sales and financing transactions, and stipulates the maximum number of speculative trading contracts and the maximum fluctuation range of prices to curb speculators' manipulation of market prices. (2) Within the scope stipulated in the Futures Law, brokers can act as agents for futures trading, but they must abide by a series of regulations of CFTC. For example, CFTC stipulates that any individual or institution that accepts customer instructions, buys and sells futures contracts for customers, collects customer deposits and opens accounts for customers must register with CFTC in the name of futures commission broker. (3) Within the scope stipulated in the Futures Law, when the rights and interests of others cannot be realized, the subject of futures rights has the right to request the state organs to protect them. For example, in June 2009 1987+1October19, the stock market turmoil caused the Hong Kong Futures Exchange Hang Seng Index futures to default, and the Hong Kong Futures Guarantee Corporation could not guarantee the performance requirements in the market, so it requested the British Hong Kong government for loan protection. According to the actual situation, the British Hong Kong Government and the Hong Kong Chamber of Commerce each raised HK$ 2 billion to ensure the credibility of the futures market. Therefore, the futures right is the qualification, ability or possibility that the futures law gives the subject of the futures relationship to realize its will or interests.
The meaning of futures obligation includes: ① the subject of futures obligation must take certain actions according to law to ensure the realization of the subject's rights and interests. (2) The obligations undertaken by the subject of the futures law are limited to the scope stipulated or agreed in the futures law, and no one may exceed the scope to require the obligor to perform the obligations. (3) futures legal subjects should consciously fulfill their futures obligations, and if they fail to do so properly, they should take the initiative to accept legal sanctions. Whenever a certain futures activity is required or prohibited by law, the legal subject of futures must be bound by it, otherwise it will bear corresponding legal responsibilities.