Futures refers to financial derivatives that have standardized contracts, trading places and settlement institutions and are traded in the futures market. There are many ways of futures trading, among which intra-day settlement is a common one. The settlement on the same day means that the settlement of funds and the transfer of goods for all transactions on the same day are all completed, leaving no balance and pending orders. This can ensure that buyers and sellers can get cash and physical delivery on the same day.

The advantage of today's settlement is that investors can get investment income faster and save waiting time. This can reduce the transaction risk and cost and make the transaction more secure and reliable. At the same time, settlement on the same day can also improve the liquidity and transparency of the market and attract more investors to enter the futures market. Therefore, both institutional investors and individual investors believe that intraday settlement is an important feature of the futures market.

The disadvantage of intra-day settlement is that it may lead to market fluctuation and price fluctuation, because buyers and sellers will pursue quick settlement instead of considering the long-term development and trend of the market. In addition, the risk of settlement on the same day is also high, especially when the market price changes greatly, which may cause some investors to bear huge losses. Therefore, when investors conduct futures trading, they need to carefully consider the trading methods and risks and choose the trading strategy that suits them.