Futures, usually futures contracts, are contracts. A standardized contract made by a futures exchange to deliver a certain amount of subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index. Futures trading is an inevitable product of the development of market economy to a certain stage.

Futures trading is the activity or behavior of buying and selling futures contracts. Pay attention to the difference. Futures delivery is another concept. Futures delivery is the exchange activity or behavior of the subject matter (basic assets) stipulated in the futures contract on the maturity date.

The trading hours of futures trading are from Monday to Friday (except national holidays) from 9: 00 am-165438+0: 30 pm-1:30 pm.

The trading hours of forward transactions are from Monday to Friday at 9:15-1:30 in the morning and 13: 30- 15: 00 in the afternoon (except national holidays); Among them, 9: 0015-9: 25 am is the opening declaration time, and 9: 25-9: 30 am is the opening pricing time.

The trading hours of listed electronic transactions are from 9: 00 to 15: 00 every Monday to Friday (excluding national statutory holidays).